Memecoin terms
- Trenches
- The fast end of memecoin trading: new launches, tiny caps, constant rotation.
- Bonding curve
- A launch mechanism where price rises automatically as people buy, before a coin has a normal pool.
- Migration / graduation
- When a bonding-curve coin moves its liquidity to a DEX pool.
- Rug pull
- Insiders draining liquidity or dumping supply so the price collapses.
- Dev dump
- The creator selling their allocation into buyers.
- Price impact
- How much your own trade moves the pool price. More.
- Market cap (MC)
- Price × supply. Says nothing about how much you can actually sell.
- Liquidity
- The SOL and tokens in a coin’s pool. Determines your exit.
- Priority fee
- Extra SOL paid so a Solana transaction lands sooner.
- Round-trip
- Giving back an open profit by not selling.
Prop firm terms
- Prop firm
- A proprietary trading firm that funds traders who pass its evaluation. Memecoin prop firm.
- Challenge / evaluation
- The test you pass to get funded. Ours.
- Funded account
- The account you trade after passing; profits are split with you. Memecoin funded account.
- Static drawdown
- A max-loss floor fixed at the start; it never moves up.
- Trailing drawdown
- A floor that rises with your peak balance.
- Daily loss limit
- Max loss allowed in one day.
- Consistency rule
- Caps how much of your total profit can come from one day.
- Profit split
- Your share of funded-account profits: 80–85% here.
- Activation fee
- Paid after passing to open the funded account; refunded with your first payout here.
Questions people ask
What does “the trenches” mean in crypto?
The fast, high-risk end of memecoin trading: new launches and tiny market caps.
What is a funded account?
An account backed by a prop firm that you earn by passing a challenge; you keep most of the profits.