Big Brain
Degen glossary
The trenches have their own language. Here it is, no gatekeeping.
- Ape
- To buy a token fast, usually without research.
- Bonded / graduated
- A token that completed its launchpad bonding curve and migrated to a DEX.
- Bonding curve
- The pricing formula a launchpad uses before a token migrates.
- Bundled supply
- Supply bought by several wallets controlled by the same person at launch.
- Cabal
- A coordinated group of insiders who move a token together.
- CTO
- Community takeover: holders take over a token its dev abandoned.
- Exit liquidity
- The buyers insiders sell to.
- Honeypot
- A token you can buy but cannot sell.
- Jeet
- A holder who sells at the first small profit.
- KOL
- Key opinion leader, a.k.a. crypto influencer.
- LP
- Liquidity pool. "LP pulled" means the liquidity was removed.
- Market cap / FDV
- Price × circulating supply / price × total supply.
- PvP
- A market where traders mostly profit from each other's losses.
- Rug / rug pull
- When insiders remove liquidity or dump supply, crashing the price to near zero.
- Sniper
- A bot or wallet that buys in the first block(s) of a launch.
- Trenches
- The live, chaotic market of brand-new tokens.