Home › Memecoin trading glossary
Terms A to Z
- Bonding curve
- A pricing formula used by launchpads such as pump.fun: the price rises automatically as people buy, until the coin graduates to a normal pool.
- Graduation / migration
- When a launchpad coin leaves its bonding curve and gets a liquidity pool on a DEX (on pump.fun, a PumpSwap pool).
- CA (contract address)
- The unique on-chain address of a token. Names and tickers can be copied; the CA cannot.
- Mint authority
- The right to create new tokens. Revoked means supply is fixed.
- Freeze authority
- The right to freeze token accounts on Solana. If active, the creator can stop you from selling.
- Dev holdings
- The share of supply held by the token creator's wallet.
- Bundle / bundled launch
- Many wallets buying in the same block at launch, usually controlled by one person.
- Top-10 holders
- The share of supply held by the ten largest wallets, a measure of concentration.
- Liquidity
- How much money sits in the trading pool. Low liquidity means large price moves on each trade.
- Price impact
- How much your own order moves the price. Grows with trade size relative to liquidity.
- Slippage
- The maximum difference you accept between the quoted and the executed price.
- Priority fee
- An extra Solana fee paid to validators to process your transaction sooner.
- Tip / bribe
- A payment for MEV-protected or faster routing, for example via Jito on Solana.
- MEV / sandwich attack
- Bots that trade just before and after you to profit from your price impact.
- Round trip
- A buy plus the matching sell. Most platform fees are charged on both sides.
- Break-even move
- How much the price must rise for a round trip to return your stake after costs.
- Cashback
- Part of the platform fee paid back to you, usually in SOL, often rising with your volume tier.
- Referral code
- A code or link that ties your account to a referrer. On some apps it gives you a fee discount; it must usually be applied at sign-up.
- Self-custody / non-custodial
- You control the wallet's keys; the app cannot move your funds without your signature.
- Seed phrase / private key
- The secret that controls a wallet. Anyone who has it owns the funds.
- Wallet drainer
- A malicious site or script that tricks you into signing transfers of your assets.
- Rug pull
- When creators or insiders pull liquidity or dump their holdings, collapsing the price.
- Honeypot
- A token you can buy but cannot sell, or only with a huge tax.
- Sniper
- A bot or trader buying in the first seconds after launch.
- Copy trading
- Automatically copying another wallet's trades.
- Market cap
- Price multiplied by total supply. On pump.fun it decides which PumpSwap fee tier applies.
- Telegram trading bot
- A trading tool used through Telegram chat commands, such as Trojan or BONKbot.
Put it into practice
Frequently asked questions
Bonding curve
A pricing formula used by launchpads such as pump.fun: the price rises automatically as people buy, until the coin graduates to a normal pool.
Graduation / migration
When a launchpad coin leaves its bonding curve and gets a liquidity pool on a DEX (on pump.fun, a PumpSwap pool).
CA (contract address)
The unique on-chain address of a token. Names and tickers can be copied; the CA cannot.
Mint authority
The right to create new tokens. Revoked means supply is fixed.
Freeze authority
The right to freeze token accounts on Solana. If active, the creator can stop you from selling.
Dev holdings
The share of supply held by the token creator's wallet.