On-chain Transactions You Must Know: Interpretation of Memecoin Terminology

In the world of trading Memecoins on-chain, a unique jargon has quietly formed. These terms not only serve as a bridge for communication among traders but also provide newcomers with a window to understand market dynamics. Let's explore this unique linguistic world together.

Asset Size Classification

Traders are informally divided into the following levels based on the scale of assets held:

• Novice Player: Assets under 1 million USD
• Intermediate Player: Assets between 1 million and 5 million USD
• Advanced Player: Assets between 5 million to 10 million USD
• Top Player: Assets over 10 million USD

Transaction Behavior Analysis

• Leader: Refers to large traders whose trading actions can significantly influence market direction.
• Sell-off: Selling a large amount of tokens, which usually leads to a price drop.
• Set in stone: Describes something that has been finalized.
• Contract Address: Request others to share the token's smart contract address
• Staying Guarded: Closely monitoring on-chain data for a long time, waiting for trading opportunities.

Trader Types

• On-chain Expert: A player who performs exceptionally well in on-chain trading and enjoys substantial profits.
• Chives King: Players who frequently incur losses and have poor trading skills.

Market Phenomena and Strategies

• Buy high, sell low: A jest about the phenomenon where the price immediately drops after buying.
• Quick In and Out: A strategy of buying when the token's market value is very low and quickly selling for profit, but it may lead to losses for others.
• High-Risk Zone: Describing the high-risk nature of trading Memecoin on-chain.
• Filter New Coins: Keep an eye on newly issued tokens to find entry opportunities.
• Mining Value: In Memecoin trading, uncover the emotional value and narrative behind the tokens.

These terms reflect the unique ecosystem of Memecoin trading. Understanding this jargon not only helps newcomers better integrate into the community but also provides new perspectives for experienced players. As the market evolves, these terms may continuously change, making it essential to maintain a learning and adaptive attitude.