Reference

the degen glossary

36 terms you will meet in the feed within your first week. Nobody will explain them to you, and asking is how you get sold something.

36 terms

Ape: To buy a token fast and with conviction, usually with no research and often more size than is sensible. Used as both a verb and a confession.
ATH: All-time high. The highest price a token has ever traded at. Being 90% below ATH tells you almost nothing on its own, since the ATH may have lasted eleven seconds.
Bag: The position you are holding. A heavy bag is a large one, and holding bags means you are down on it and waiting.
Bagholder: Someone still holding after everyone else sold. Usually the person who bought the top of the chart the alert told them about.
Bonding curve: A pricing formula where the token price rises automatically as more is bought and falls as it is sold, with no order book. Many launch platforms mint tokens onto a curve before they graduate to a normal liquidity pool.
Bundle: When a deployer buys a large share of supply across many wallets in the same block as launch, disguising concentrated ownership as organic demand.
CA: Contract address. The unique on-chain address of a token. Always match it against a trusted source, because scam tokens copy names and tickers exactly.
Cook: To trade well, or to let a position run. 'Let him cook' means stop interrupting someone who is doing fine.
Degen: Short for degenerate. A trader who takes deliberately high-risk positions for fun and upside. Often self-applied with pride.
Dev: The developer or team behind a token. 'Dev sold' means the team dumped their allocation, which is usually the end of the chart.
Diamond hands: Holding through heavy drawdown. Admirable in the winners, expensive in everything else.
DYOR: Do your own research. Both genuine advice and the standard disclaimer attached to any call, so nobody is accountable when it goes to zero.
Exit liquidity: You, if you bought late. The buyers whose money lets earlier holders sell at a profit.
FDV: Fully diluted valuation. The market cap if every token that will ever exist were already circulating. A low market cap next to a huge FDV means a lot of supply is still coming.
Floor: The price level buyers keep defending. Real until it is not.
Honeypot: A token you can buy but cannot sell, because the contract blocks selling for everyone except the deployer. The chart looks perfect right up until you try to exit.
Jeet: Someone who sells at the first sign of profit or fear. Also a verb: to jeet a position.
Liquidity: How much money sits in the pool available to trade against. Thin liquidity means your own order moves the price, both going in and getting out.
LP: Liquidity pool, or the provider of it. Locked or burned LP means the deployer cannot simply withdraw the pool and leave holders with nothing.
Market cap: Circulating supply multiplied by price. For memecoins it is best read as a rough measure of how much attention a token has, not what it is worth.
Moonbag: The slice of a position you keep after taking your original stake off the table, deliberately left to run in case it keeps going.
Paper hands: The opposite of diamond hands. Selling early out of nerves. Occasionally the correct move, wearing an insult.
PnL: Profit and loss. Realised PnL is money you actually took out. Unrealised PnL is a number on a screen that can still become zero.
Pump: A sharp coordinated rise in price. Someone is usually selling into it.
Rekt: Wrecked. Losing badly enough that it changes your week.
Rug: A rug pull. The team removes liquidity or dumps their supply, and the price goes to effectively zero. Usually fast and usually final.
Sats: Satoshis, the smallest unit of Bitcoin. Also used loosely to mean a small amount of profit.
Send it: Go through with the trade. Rarely preceded by analysis.
Slippage: The gap between the price you expected and the price you got. Set it too tight and the trade fails, too loose and you get filled at a much worse price than you meant to.
Snipe: Buying within the first moments of a launch, often with automation, to get in before the price moves. Snipers are frequently the ones selling into the first pump.
Stablecoin: A token designed to hold a fixed value, usually one US dollar. Where traders park between positions without leaving the market.
Stop-loss: A predetermined price at which you exit a losing position, decided before you enter and not renegotiated while it is falling.
Take-profit: A predetermined price at which you sell some or all of a winner. The unglamorous habit that separates a good year from a flat one.
Top signal: Something so euphoric it marks the peak. Your relatives asking which coin to buy is the classic example.
Volume: How much has traded in a period. Rising price on falling volume is a warning: fewer people are willing to pay up.
Wick: The thin line above or below a candle, showing a price that traded briefly before snapping back. Long wicks are where careless stop-losses and market orders got taken out.

fluent enough.

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