Familiarizing with On-Chain Transactions: Interpreting Unique Terminology of the Memecoin Community

In the trading domain of Memecoin on-chain, a unique terminology system has gradually formed, becoming a common language among traders. For new participants joining, mastering these terms is crucial for understanding market dynamics.

Asset Size Classification

Traders are typically classified based on the size of their held assets:

• Assets with a scale of less than $1 million are referred to as "small soldiers".
• Between 1 million and 5 million dollars is classified as "small players"
• Between 5 million and 10 million dollars is considered "General"
• Over 10 million dollars is known as "Marshal"

Transaction Behavior Terms

• "Head of the Car": Refers to addresses that are followed by a large number of users, whose trading activities have a significant impact on the market.
• "Dumping": commonly known as "market crash", refers to the act of selling a large amount of a cryptocurrency.
• "Bagged": used to describe an event that is certain and undoubted.
• "CA": refers to the token contract address
• "Sitting idle": Describes the behavior of monitoring on-chain information for a long time in search of trading opportunities.

Trader Types

• "On-chain King": Refers to players who operate precisely on-chain, with high win rates and profits.
• "Idiot King": Conversely, it refers to those traders with extremely low win rates who suffer heavy losses.

Market Phenomena and Strategy Interpretation

• "Cap" : A self-deprecating description of the phenomenon where prices drop immediately after buying.
• "PVP": refers to a trading strategy that involves buying in at a very low market value and quickly making a profit, but it also means that someone will incur losses.
• "Trench": A metaphor for the high risk of on-chain Memecoin trading, akin to being on the battlefield.
• "Scan the Chain": The act of continuously monitoring newly issued assets and seeking entry opportunities.
• "Finding Angles": In Memecoin trading, seek entry points that resonate emotionally and have a story behind them to uncover potential value.

Understanding these terms not only helps newcomers quickly integrate into the trading community but also enables them to better grasp market trends and trading opportunities. However, participants should also bear in mind that the Memecoin market carries high risks and requires careful consideration and rational investment.