Comprehensive Explanation of Common Terms in the Memecoin Community

When trading Memecoins on the blockchain, traders have gradually developed a unique jargon. These terms not only serve as a communication bridge among traders, but mastering them is also crucial for newcomers to understand market dynamics.

Asset Size Classification

Traders can be divided into the following categories based on the scale of assets held:

• Small Soldier: Asset size less than 1 million USD
• Rookie: Asset size between 1 million to 5 million USD
• General: Asset scale between 5 million and 10 million US dollars
• Marshal: Asset scale exceeds 10 million USD

Terms Related to Trading Activities

• Leading Sheep: Refers to addresses that are closely monitored by many traders, whose buying or selling behavior has a significant impact on market trends.
• Sell-off: Selling the tokens you hold, which usually puts downward pressure on the market price.
• Ironclad: Indicates a state where something is bound to happen.
• Contract Address: Refers to the smart contract address of the token.
• Staying up late to monitor the market: Describes the behavior of closely monitoring on-chain information for trading opportunities over an extended period.

Trader Types

• On-chain Expert: Players who perform exceptionally in on-chain trading, with a high win rate and returns.
• Retail investors: Traders who incur repeated losses with extremely low returns

Market Phenomena and Strategy Analysis

• Get in a bad situation: The situation where the price drops immediately after buying.
• Zero-sum game: A trading strategy that involves buying in at very low market values and quickly selling to make a profit, often implies that someone will incur a corresponding loss.
• High Risk Zone: Describing the high-risk characteristics of trading Memecoin on the blockchain, akin to being on a battlefield.
• Treasure Hunt: Continuously monitor newly issued assets to find potential entry opportunities.
• Mining Value: In Memecoin trading, sentiment and narrative often matter more than actual value, and the search for this virtual value is referred to as "mining value".

Understanding these terms can not only help newcomers integrate into the trading community more quickly but also provide a unique perspective for understanding market trends. However, it is important to note that the Memecoin market is highly volatile, so be cautious when participating in trading and ensure proper risk management.