HomeDegen glossary

The degen glossary

36 terms you know once you've paid for them. Free here.

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A
Alpha
An information edge: knowledge not everyone has yet. Real alpha is rare; "alpha" in Telegram groups is mostly advertising.
Ape / to ape
Jumping into a coin fast without much checking. Usually gut feeling, rarely a plan.
B
Bonding curve
The pricing mechanism on pump.fun: every buy pushes the price up a fixed curve, every sell pushes it down. When the curve is full, the coin migrates to a DEX.
Bundle
Several wallets buying at launch in the same second – often the developer himself, securing a large share cheaply. A classic warning sign.
C
CA (contract address)
The unique address of the token on the Solana blockchain. Only the CA tells you for sure which coin you're buying – names and logos can be copied by anyone.
CTO (community takeover)
The original developer is gone, the community takes over the coin. Can be a restart – or a flash in the pan.
D
Degen
Short for "degenerate": someone who trades high-risk coins and knows it. Affectionate when used about yourself.
DEX
Decentralized exchange like Raydium, Orca or Meteora. Trading happens straight from your own wallet, no account.
Diamond hands
Holding even when it hurts. Opposite: paper hands – selling at the first red candle.
DYOR
"Do your own research." The polite reminder that nobody covers your losses.
F
FDV
Fully diluted valuation: price times total supply, including tokens still locked. For memecoins often the same as market cap.
FOMO
Fear of missing out. The reason most people buy the top and sell the bottom.
FUD
Fear, uncertainty, doubt: deliberately spread doubts. Sometimes justified, sometimes from people who want a cheaper entry.
G
gm
"Good morning" – the scene's greeting, at any time of day. Reply: gm.
H
Honeypot
A token you can buy but not sell. The contract technically doesn't allow sales. Check before, not after.
J
Jeet
Derogatory for someone who sells at the slightest profit. There are jeets in every chart – and sometimes you're one.
K
KOL
Key opinion leader – influencers shilling coins. The ones who got paid usually don't say so.
L
Liquidity (LP)
The trading pair in the pool, e.g. coin/SOL. Low liquidity means even small sells crash the price.
LP burned / locked
The liquidity is burned or locked – the developer can't pull it. Protects against a classic rug, not against everything else.
M
Market cap
Price times circulating tokens. For memecoins the number everyone talks about – and which can do 10x or 0.1x in minutes.
Meme
The joke, the image, the idea behind the coin. For memecoins the meme is the product.
Mint authority
The right to create new tokens. If not revoked, the developer can inflate supply at any time.
Moon
A price going vertical. "Wen moon?" is the eternal question.
N
NGMI / WAGMI
"Not gonna make it" / "We're all gonna make it". The two moods the scene swings between daily.
P
Paper hands
Sells at the first dip. See diamond hands.
pump.fun
The launch platform where anyone can create a Solana memecoin in minutes. Where most coins are born – and die.
R
Rug / rug pull
The developer pulls the liquidity or dumps everything – the price goes to zero. "I got rugged" is the saddest sentence in the scene.
S
Ser
Sir, deliberately misspelled. Polite address, mostly ironic.
Shill
Aggressively promoting a coin, often with a stake in it. Everyone shills, nobody admits it.
Slippage
The price difference between order and execution. High for small coins – and a door for sandwich bots.
Snipe / sniper
Bots buying in the first second of a launch. They get the best price – and then sell to you.
Sol / SOL
The currency of the Solana blockchain. It runs fees, buys and the hopes of the scene.
T
Top blast
Bought the top right before it turned. Everyone has been a top blaster once.
W
Wallet
Your purse on the blockchain, e.g. Phantom or Solflare. Whoever has your seed phrase has everything – never share it.
Wen
"When" in scene spelling. Wen moon, wen lambo, wen listing.
Whale
A wallet with a lot of capital. When a whale sells, you notice it in the chart.