Original text: Haze, GMGN project advisor
In the process of trading memecoins on-chain, a unique terminology system has gradually formed within the trading community. These terms constitute a common language among traders, and understanding them is crucial for newcomers to grasp market dynamics.
Asset Scale Classification
P Small Soldier: Traders holding assets under $1M
P Small General: Traders holding assets between $1M and $5M
P Major General: Traders holding assets between $5M and $10M
P Marshal: Traders holding assets over $10M
Trading Terminology
Head: Referring to addresses monitored by many people, whose holders have a significant impact on the market after buying or selling
Dumping: Selling coins to others, commonly known as 'dumping'
Certain: Describing a definite event
CA: To release the token contract address
Staring: Referring to a trading behavior of staring at on-chain information for a long time to find opportunities
Trader Classification
On-chain King: Players who operate sharply on-chain, with a very high win rate and high profits
Idiot King: Players with a very low win rate and significant losses
Market Phenomena and Strategies
Cap: A behavior of buying that leads to a price drop, often used sarcastically
PVP: A trading behavior of buying at very low market cap and quickly selling for profit, while others may incur losses
Trench: Referring to trading memecoins on-chain, with extremely high risk, like fighting in a trench
Chain Scanning: Continuously looking at newly issued assets, searching for buying opportunities
Finding Angles: The importance of emotions and storytelling in memecoins, how to discover this virtual value? This is commonly referred to as 'finding angles'