Memecoin slang: ape, CTO, KOTH, dex paid, moonbag and more

Memecoin slang, A to Z: what ape, CTO, KOTH, dex paid, bonded, CA, moonbag, cabal, rug, farm and PvP mean, the way Solana traders really use them.

Half of crypto Twitter reads like a foreign language. It is mostly a few dozen words, used loudly.

This page is street slang. The words clusterz itself uses on screen, like Max price move or Holder checks, are in the Glossary. Where clusterz shows the thing a word describes, the entry links there.

A

Alpha: Information that gives you an edge, usually before everyone else has it. Our Alpha score is a number for a token's setup, not a tip.

Ape (aping): Buying fast, big, without much research. "Aped the launch." In clusterz, One-tap buy is aping on purpose. See Buying and selling.

ATH: All-time high, the highest price a token ever hit. "Back to ATH" is bullish talk. "Down 90% from ATH" is most memecoins. A trailing stop rides the high for you. See Exits.

B

Bag, bagholder: Your bag is what you hold. A bagholder is someone still holding after the price collapsed, usually because they bought late. "Left holding the bag" is the end of most rugs.

Bonded: A token that finished its bonding curve and moved to its own pool. Also said as graduated or migrated. "It bonded" is often the moment early buyers sell. See what is a bonding curve.

Bundled: A launch where the dev or a group bought a big share in the first moments across many wallets, so it does not look like one bag. "This is bundled" means walk carefully. See bundles and insiders.

C

CA: Contract address, the token's address on Solana. Strictly a mint address on Solana, but everyone says CA.

"Drop the CA" means post the address so people can buy the right token, not one of the copies. On clusterz, the token address sits in the head of the token page, click to copy.

Cabal: A group of insiders who coordinate buys and sells on a token, often across many wallets. Said with fear or envy, depending on whether you are in it. Wallet clusters are how a cabal shows up on chain. See what is a wallet cluster and how to find insider wallets.

Cooked: Done for. A token that dumped is cooked. A trader down bad is cooked too.

CT: Crypto Twitter, now X. Where calls get posted and where most hype starts.

CTO: Community takeover. The dev abandoned the token, or sold, and holders took over the socials and the marketing.

A CTO can revive a token or just be a second round of the same dump. Check who the new community is before you buy their story. See the dev wallet check.

D

Degen: Short for degenerate. A trader who takes outsized risks on tiny tokens. Mostly a badge of honour, sometimes a diagnosis.

Dev: The wallet, or person, that launched the token. "Dev sold" is the oldest warning in the trenches. In Trenches the dev pill reads DS once the dev has sold. See holder checks.

Dex paid: The token's team paid DexScreener for an enhanced token page: logo, links, banner. It costs money, so some read it as commitment. It is also cheap enough for a rugger to pay.

Trenches cards and the token page show when a token is DexScreener paid or boosted. See Trenches.

Diamond hands, paper hands: Diamond hands hold through anything. Paper hands sell at the first dip.

DYOR: Do your own research. Usually typed by the person shilling the token.

F

Farm: A token, or a run of tokens, launched to farm something rather than to last: creator fees, snipers, or volume. The same names get relaunched over and over.

In Trenches, Logo reused and Links reused catch some of it, and copies can Skip repeat names. See Trenches.

FOMO: Fear of missing out. The feeling that makes you buy a green candle you were not planning to buy. The best trades rarely feel like FOMO.

Fresh wallet: A brand new wallet with no history, often funded just before buying a launch. A few in the top holders can mean one person spreading out. The holder checks warn at 3 or more in the top 20. See holder checks.

FUD: Fear, uncertainty and doubt. Bad news, real or invented. Holders call any criticism FUD. Sometimes it is just the truth.

G

Gem: A token someone thinks is undervalued and early. Every shill is a gem. Very few are.

H

Honeypot: A token you can buy but cannot sell, because the contract or a freeze stops you. The worst kind of bag. The token page's Safety checks show Freeze authority and Transfers. See rug check.

J

Jeet: A trader who sells early for a small profit, often dumping on everyone right after buying. "Jeets dumped it." Some read the word as an ethnic insult, so we don't use it ourselves. Paper hands says the same thing.

K

KOL: Key opinion leader, a trader with a following whose posts move prices. We track the wallet, not the post. See what is a KOL wallet and how to track KOL wallets.

KOTH: King of the Hill, the label pump.fun has used for the bonding curve coin it features at the top of its board.

Reaching it meant a burst of attention, which is why traders watch for it. How a coin gets there, and whether the spot shows, has changed over time.

L

LP: Liquidity pool, or the liquidity in it. "LP burned" means the pool's liquidity tokens were destroyed, so nobody can pull it. On pump.fun the pool is set up at graduation. See market cap vs liquidity.

M

Moon, mooning: Going up a lot, fast. "This is going to the moon" is the oldest sentence in crypto.

Moonbag: A small slice you keep after selling most of a bag, in case it keeps going. clusterz can leave one for you when you sell all. See Buying and selling.

N

NFA: Not financial advice. Typed after financial advice.

Narrative: The story a token rides: a meme, a news event, a trend. Narratives come in waves, and the first token on a narrative usually does best. Trenches cards show a matching narrative when there is one. See reading a card.

P

PvP: Player versus player. Traders fighting each other over the same few tokens, often many copies of one idea, with no new money coming in. One trader's win is another's loss. Most of the trenches is PvP.

Pump and dump: Push the price up with hype, sell into the buyers. The business model of a lot of tokens. See what is exit liquidity.

R

Rekt: Wrecked. Lost big.

Renounced: The dev gave up control of the token, usually the power to mint more or freeze wallets. Good to see, not proof of anything. The token page shows Mint authority and Freeze authority. See Token page.

Round trip: Riding a token up and all the way back down without selling. Up 5x, out at zero. A profit lock exists for this. See Exits.

Rug, rugged: The dev or insiders pull the liquidity or dump their supply and the price goes to near zero. A hard rug is fast. A soft rug is a slow bleed of selling. See rug check.

Runner: A token that keeps climbing well past where most people sold. Nobody can tell which it is at launch.

S

Send it: Buy, commit, go. "Send it" means stop thinking.

Shill: Promoting a token hard, usually one you hold. Paid shills post for money. Most shills are just holders who need you to buy.

Smart money: Wallets with a strong record. Watching them is the idea behind Discover. See what smart money is and Discover.

Sniper: A wallet, usually a bot, that buys in a token's first moments. Snipers often sell into the first wave of buyers. The holder checks warn when they hold more than 20%. See holder checks.

T

Top blast: Buying right at the top. "Top blasted that one."

Trenches: The world of brand new launches, where tokens are born and most die within hours. Also the name of our Trenches view.

V

Volume bot, wash trading: Buying and selling a token with yourself, often by bot, to make it look busy. Fake volume draws real buyers. No fake volume in Discover filters hides tokens whose volume looks fake. See how to spot fake volume and Discover.

W

Whale: A holder with a big bag, big enough to move the price. When a whale sells, everyone feels it.

Before you use the words

• Knowing the slang does not tell you who is selling. The wallets do.
• Every word above that ends in a loss has a check somewhere in clusterz. None of the checks catch everything.
• This is not advice. NFA, and we mean it.