Do you feel anxious watching others make dozens or thousands of times playing meme tokens, wanting to get started but not even understanding liquidity pools, PVP, internal trading, external trading, and Pi Xiu?
1. MEME - A type of token that originally has no value, which becomes popular through viral spread, causing the price to skyrocket. The most famous examples are DOGE, SHIB, and PEPE.
2. Small Dog - Typically refers to meme coins.
The predecessor refers to tokens that have just been issued and do not yet have community cultural support, which are prone to a sharp drop in value. Once there is a certain community foundation, they can be called meme tokens, such as the recently popular Hippo MOODENG, Zoo Kheowzoo, and Mars City TERMINUS.
3. Big Dog - Refers to the potential of a small dog being very high, with a market cap of millions to tens of millions. For example, when people say a big dog came out yesterday, it means a meme coin surged over a hundred times.
4. Pi Xiu - Can only be bought, not sold. Only the project party's address can sell, resulting in a loss upon entry, equivalent to being scammed by the project party.
5. RUG - The project party withdraws the liquidity pool and runs away, similar to Pi Xiu, which is a method of fraud by the project party.
6. Internal Trading - Refers to tokens that are being prepared and preheated internally on the platform and have not yet completed their launch (usually at 100% progress), such as what people often refer to as Pump Internal Trading. This is the fundraising for token liquidity after deploying tokens on the Pump platform, with the advantage that there will be no Pi Xiu and RUG risks (getting chips at cost price).
7. External Trading - Refers to those internal trades that have been successfully filled and have successfully launched and listed on decentralized exchanges (DEX) such as Radium, Uniswap, etc.
8. PVP - Player vs. Player in English, simply put, it's about the fast players cutting off the slow ones. Without new players entering, everyone is cutting each other.
9. FOMO, FUD - When market sentiment rises, everyone rushes in to buy recklessly; FUD, on the contrary, sells without considering the cost.
10. Diamond Hands - Refers to holding on without selling, while paper hands do the opposite, selling as soon as there is a rise.
11. Squeeze - Refers to when an MEV bot buys in ahead of you before your purchase (which can result in a higher execution price for your transaction). After your transaction is executed, it quickly sells out for profit, commonly known as arbitrage. This means that for the same amount, you could have bought 100 tokens, but in the end, you only received 50 or even fewer, increasing your cost. This is why many small dog trading platforms exist.
Supports anti-squeeze functionality.
12. Angle - Refers to the perspective of being able to anticipate a certain token in advance, predicting whether the token will rise, such as someone who anticipated Free CZ a few days ago, with the angle being that there might be speculation when CZ is released from prison.
13. Honey Pot
"Honey Pot" is a bait strategy used to lure traders; "Pi Xiu" is a mythical beast from Chinese mythology that has the characteristic of only eating but not excreting. The two terms are similar, and when we mention honey pot/Pi Xiu in small dog Meme trading, we mostly refer to situations where you can only buy and not sell in the contract, or where there are blacklisted addresses.
Just like the trend in the image below, it looks like a capital game, with the operators continuously pulling up the price to attract users to buy. In fact, the moment you buy in, you are already at a loss, unable to sell, just like Pi Xiu!
14. Withdraw the liquidity pool - Project parties often provide a large amount of funds in the liquidity pool to create a formal and reliable appearance, but if the project party suddenly withdraws the funds from the liquidity pool, it will lead to insufficient liquidity in the pool, making trading impossible. Therefore, when buying, it is essential to check if the liquidity is locked; if there is no LP locked, the project party can run away at any time. Always buy coins with locked LP.
Summary.
If you want to play with dogs, you need to understand some basic terms and know the market hotspots, such as Musk, Trump, or someone tweeted, forming narratives that are basically all big dogs! Lastly, the risks of the primary market are far greater than those of the secondary market, so all beginners must consider carefully before playing!
Recently planning to ambush a potential coin with a target of starting with doubling, with an expected increase of possibly over 10 times. If interested, feel free to exchange ideas in the comment section!
