Essential Trench Terms

An anonymous account or person. Most of the trenches is anons talking to anons.

To buy quickly and heavily without much research, usually because the ticker, the timing or the vibe felt right.

The coins you are holding, especially ones that are down. Holding a bag is neutral. Being left holding it is not.

Approving word for something bold, honest or contrarian. Applied to devs, posts, wallets and decisions.

A smaller coin bought because it is related to a bigger one that is already running, in the hope it follows. Also just called a beta.

Contract address. On Solana it is the token's mint address, the one string you actually need to buy the right coin.

Someone whose move looks confident and correct, usually in hindsight. Also used as an adjective for a bold or clean play.

Willingness to hold a coin through volatility because you believe in it. Frequently claimed, rarely tested until the first red candle.

Short for degenerate. Someone who takes outsized, often poorly researched risks on volatile coins, usually on purpose and usually proudly.

To deliberately not buy something, or to bet against it, usually because you think it is weak, overhyped or already done.

Friend. Used for anyone in the same coin, the same group or the same mess.

Putting your entire portfolio, or nearly all of it, into one position.

Good morning. The default greeting on crypto X, posted at any hour.

A trader who sells early, often out of fear, and gets mocked when the chart keeps running. As a verb, to sell like that.

A coin with a small market cap, typically under a few hundred thousand dollars. More upside, more ways to lose everything.

The theme that is currently winning across many launches, for example AI agents, animals or a specific meme format. Metas rotate fast.

The story a coin attaches itself to: a news event, a viral post, an AI agent, a celebrity's pet. Coins with a fresh narrative tend to move first.

The original coin of a meme or narrative, as opposed to the copies launched after it. Proving which one is the OG is a recurring fight.

Profit and loss. A PnL card is the screenshot people post to show a trade, usually only the green ones.

A coin that keeps going up for hours or days while most launches around it die.

Commit to the trade, or encourage a coin to keep going up. Both a decision and a prayer.

Sir, deliberately misspelled. Used to sound polite while asking for something unreasonable.

Watching a coin run without being in it, either from caution or because you sold.

The low-cap memecoin market on Solana, mostly fresh Pump.fun launches, where everything is early, fast and mostly going to zero.

The short symbol a coin trades under. In the trenches the ticker is half the meme and is often the reason people buy.

Actively trading brand-new low-cap launches, usually by scrolling new pairs and buying within minutes of deploy.