Unique Terminology in the Memecoin Trading Circle: Decoding the Community's Internal Language

In the process of trading Memecoins on the blockchain, traders have gradually formed a unique terminology system. These terms not only serve as a common language among traders but also provide new participants with important tools to understand market dynamics. Let's explore this unique linguistic world together.

Classification of Fund Scale

Traders are classified into different levels based on the scale of their held assets:

• Beginner Trader: Asset size less than $1 million
• Intermediate Trader: Asset size between 1 million and 5 million US dollars
• Advanced Traders: Asset size between 5 million and 10 million USD
• Top Traders: Asset size over 10 million USD

Trading Behavior Vocabulary

• Leading Sheep: Refers to large addresses whose trading actions can significantly influence the direction of the market.
• Sell-off: Selling tokens, which usually leads to a price drop.
• Set in Stone: Describes something that has been finalized.
• Contract Address: Refers to the smart contract address of the token.
• Long-term Observation: Describes the behavior of traders monitoring on-chain information for extended periods to identify trading opportunities.

Trader Types

• On-chain Expert: Players who perform exceptionally well in on-chain trading, with high win rates and returns.
• Chives: Describes those traders who frequently incur losses.

Market Phenomena and Strategies

• Buy and Trap: A joke about the phenomenon where the price immediately drops after buying.
• Quick In and Out: A strategy of buying when the token's market value is very low and quickly selling to make a profit, but it also means that someone will incur losses.
• High-risk area: Describing the high risk of trading Memecoins on the blockchain, akin to being on the front lines of war.
• Look for Opportunities: Continuously monitor newly issued assets and look for entry points.
• Mining Value: In Memecoin trading, looking for projects that can evoke emotional resonance and have a storyline is referred to as "mining value".

Understanding these terms can not only help newcomers integrate into the trading community more quickly but also provide experienced traders with more precise market insights. However, it is important to note that Memecoin trading still carries a high level of risk, and investors should act cautiously, making decisions only after fully understanding the market.