The language of the trenches, as used across Trady and CT. Terms link to the docs page where the concept lives. The core ones are explained in full further down.
Trading
Launch lifecycle
Risk & scams
People & social
Trady-specific
Terms explained in full
The tables above are the quick lookup. The terms below come up most often, and one line isn’t enough for them.
What is a bonding curve?
A bonding curve is the pricing mechanism a launchpad uses before a token graduates to a decentralised exchange. The price rises along a fixed formula as buyers purchase supply, so early buyers pay less than later ones. On Solana, launchpads such as Pump.fun use a bonding curve for every new token.
What does it mean when a token bonds or migrates?
Bonding — also called graduating or migrating — is the moment a token leaves the bonding curve and moves to real DEX liquidity. It marks the end of the launchpad phase and the start of open-market trading. The Trenches stages track tokens through New, Soon and Migrated.
What is a contract address (CA)?
A contract address, or CA, is a token’s unique on-chain identifier. Because token names and tickers can be duplicated freely, the CA is the only reliable way to confirm you are trading the token you intended. Pasting a CA into search is the fastest route to a token page.
What is a rug pull?
A rug pull is any scheme where insiders drain value from holders. Modern rugs rarely involve pulling liquidity — launchpads burn LP by default — and instead work as distribution games, where insiders hold cheap supply and sell into buyers attracted by marketing. Full field guide: Rug-Check Basics.
What is a honeypot token?
A honeypot is a token you can buy but not sell, either because transfers are blocked outright or because the sell tax is set high enough to make selling pointless. The typical signature is an up-only chart on low volume with very few holders.
What is a bundle?
A bundle is supply held across coordinated wallets that are presented as unrelated. Bundled wallets typically share a creation window, funding source, or transfers between each other. Bundling is not automatic proof of a scam — teams and market makers bundle too — but bundle plus fresh wallets plus fake socials is. How to spot one.
What is a sniper?
A sniper is a bot that buys in a launch’s first blocks, before ordinary traders can react. Supply held by snipers who have not yet sold is an overhang: it sits waiting to be sold into later buyers’ entries.
What is a fresh wallet?
A fresh wallet is a wallet with no transaction history. A handful is normal; a holder list stacked with them on a brand-new token indicates manufactured holders rather than organic demand.
What are insiders?
Insiders are wallets connected to the token’s deployer, usually pre-loaded with supply before public trading opens. Trady surfaces insider share directly on the token page.
What is slippage?
Slippage is the difference between the price shown when you click and the price you actually fill at, caused by other trades landing in between. Your slippage tolerance is the worst price you will still accept — inside it the trade fills, outside it the trade reverts. Full explainer.
What is a priority fee?
A priority fee is a tip that buys your transaction a better place in the queue, because chains process transactions in fee-priority order. It goes to the network rather than to Trady, so paying more outbids other traders rather than enriching the terminal.
What is MEV, and what is a sandwich attack?
MEV is value extracted by bots that can see and reorder pending transactions. In a sandwich attack, a bot buys ahead of your visible trade to push the price up, lets your order fill at the worse price, then sells into it — its profit comes out of your slippage budget. Full explainer.
What does LP locked or burned mean?
LP locked or burned means the liquidity pool tokens have been time-locked or destroyed, so the deployer cannot withdraw the pool and collapse the price. It is table stakes on modern launchpads and is checked automatically by Trady’s security audit strip.
What are mint and freeze authority?
Mint authority and freeze authority are contract powers that let the deployer print new supply or freeze transfers. Both should be disabled on a legitimate token. Major launchpads revoke them by default; anything launched externally needs checking.
What is wash trading?
Wash trading is fake volume produced by bots trading with themselves to make a token appear active. The tell is volume that does not match fee flow or holder growth — real volume generates proportional trading fees, painted volume does not.
What is a CTO in crypto?
A CTO, or community takeover, is a community reviving a token the original developer abandoned. Some are genuine. Many are revival scams, where insiders who accumulated near zero sell into the bounce the announcement creates.
What are the trenches?
The trenches are the arena of freshly launched tokens — the highest-risk, earliest-entry end of the market. Trady’s Trenches view covers tokens from just-launched through just-bonded.
A meta is the dominant narrative of the moment — the shared theme running through whatever is pumping that day. Metas rotate quickly, and a token’s fit with the current meta often matters more than its fundamentals.
What does it mean to ape?
To ape is to buy aggressively on conviction and speed rather than deep analysis. It is also the name of Trady’s second fee tier.
What is a jeet?
A jeet is a trader who panic-sells early, or the act of doing so. It is the opposite of holding through volatility, and it is used both as an insult and as self-deprecation.
Frequently asked questions
What does “bonded” mean on a memecoin?
Bonded means the token completed its bonding curve and migrated to DEX liquidity. On Trady, tokens move through the New, Soon and Migrated stages in Trenches as this happens.
What’s the difference between a bundle and a sniper?
A bundle is supply held across coordinated wallets, usually arranged before launch. A sniper is a bot that buys in the first blocks after launch. Both create supply overhang, but a bundle implies coordination with the deployer while sniping does not.
Is aping into a token always a bad idea?
Not inherently — speed is a real edge in the trenches. It becomes a bad idea when it replaces checking: the same thirty-second vet applies whether you enter fast or slow. See Reading a Token Page. Last modified on August 4, 2026
