Meme Coin Terms Explained: The Ultimate Degen Dictionary

  • 22nd March 2023

Welcome to the wild west of crypto — Solana meme coins, where fortunes are made in minutes and lost even faster. Whether you're a seasoned degen or just got lured in by a frog emoji and 1000x dreams, this dictionary is your survival guide. We’re breaking down every term you need to know in this high-stakes casino of tokens, vibes, and volatility.

Pump.fun: Where Memes Are Born

Every memecoin journey starts somewhere—and for most, it's Pump.fun, Solana’s no-code token launchpad built for pure chaos.

Anyone can launch a coin with zero coding skills and just a little SOL. It’s fast, easy, and absurdly fun. If enough people ape in (usually 30–50 wallets), the token "graduates" and becomes tradable on real DEXes.

Pump.fun is like the meme coin incubator: chaotic, unpredictable, and sometimes… legendary.

Pump.fun is where most legendary coins are born.

Raydium: The Post-Graduation Party

Once a coin "makes it," it usually finds its way to Raydium, one of the OG DEXes on Solana. This is where the serious trading begins. Raydium provides deep liquidity pools, fast swaps, and farming options — and it’s often the battleground for bots and snipers looking to make a quick flip.

If a token isn’t showing up on Jupiter, Raydium might still have it. Try searching directly.

Jupiter: The Meta Aggregator

Jupiter is your best friend in Solana trading. It aggregates prices across all major DEXes—Raydium, Orca, Meteora, and more—giving you the best bang for your buck every time you swap. You can set slippage, place limit orders, and get price alerts. If a coin isn't on Jupiter, it's either super fresh or hasn't been indexed yet.

TL;DR: If you’re not using Jupiter, you’re doing it wrong.

Orca: The Friendly DEX

With its clean UI and concentrated liquidity pools, Orca is great for smooth, efficient trades. It's not as meme-heavy as Raydium but still hosts solid projects and growing LP action.

Keep an eye on Orca if a meme coin gains traction — it might migrate there next.

Meteora: The Rising Star

Meteora is a newer DEX aggregator focused on concentrated liquidity and efficient swaps. It’s not a go-to for meme coins yet, but its smart liquidity design makes it one to watch.

Degens looking for an edge might start sniffing here soon.

Snipers & Bots: The First Buyers Win

Imagine clicking “buy” the second a coin launches… now imagine doing that in 0.01 seconds. Welcome to the world of snipers and bots. These auto-buy wallets are designed to front-run human traders. They strike first, hoping to flip for a quick 2x–5x before the normies arrive.

Sometimes they dominate. Other times? They get wrecked in low-volume traps.

Rugpull: The Nightmare Scenario

A rugpull is when a dev yanks the rug out — literally. This usually means:

  • Removing all liquidity from the DEX

  • Dumping their tokens into the LP

  • Abandoning the project entirely


Rugged tokens become worthless almost instantly. Learn to spot red flags: no LP lock, suspicious wallet allocations, and sketchy mint authority settings.

LP Lock: The First Line of Defense

One of the strongest signs of a safe meme coin? An LP lock. When a dev locks liquidity for 1 day, 1 week, or even forever, it shows commitment. Unlocked LP means they could yank it at any moment.

Locked = safer. Unlocked = run.

LP (Liquidity Pool): Your Exit Strategy

A liquidity pool is where a token is paired with SOL so people can buy/sell. It’s the lifeblood of any meme coin.

  • Low LP = high slippage = hard to sell

  • More LP = easier trades and healthier market


Check LP levels using tools like Dexscreener, Photon, or Solscan before you ape in.

TA (Technical Analysis): When Charts Matter

Technical Analysis (TA) uses charts and data to make trading decisions: trendlines, RSI, volume spikes, etc. In the meme world, though, vibes often beat data. Still, TA can help you spot breakout points or fakeouts — so don’t ignore it entirely.

Volume: The Pulse of the Chart

Volume tells you how much a token is being traded. It's a key metric for meme coins.

  • High volume = active market

  • Low volume = dead coin


A good rule: avoid coins with less than 10 SOL daily volume unless you're collecting digital pain for fun.

FDV (Fully Diluted Valuation): Valuing the Meme

FDV = total supply x price per token.

A meme coin with a $10M FDV on day one? Probably overcooked. Look for lower FDVs that leave room for growth.

The sweet spot: under $1M FDV + solid narrative = potential moon.

Whale: The Movers and Shakers

Whales are wallets that hold massive bags — either in SOL or a token. They move markets.

  • Big buys = chart pumps

  • Big sells = candles of doom


Track them using Photon or Solscan. Sometimes riding with a whale is smart… other times, you’re just exit liquidity.

Bagholder: You and Your Hopium

A bag is your token stash. And a bagholder is someone who continues to hold a declining or underperforming coin. Instead of selling to cut his losses, he ends up holding the “bag” until the coin is worthless. There are two kinds of bagholders:

  • Moonbaggers hold a bit of profit just in case the coin moons

  • Wrecked bagholders are stuck holding worthless coins, hoping for a miracle


If your “bag” has been bleeding for weeks… welcome to the club.

Some say Hopium is even more dangerous as Fentanyl. In fact drug addicts often get Fentanyl prescribed to treat the withdrawal of Hopium.

Exit Liquidity: Don’t Be the Last Buyer

If you bought in after everyone else — and they all sold on you — you’ve become exit liquidity.
This is how meme coins die. The chart is red. Volume vanishes. You're left holding the bag. Learn to spot when the party’s over.

Mooning: Straight to the Sky

“This thing’s mooning fr fr 🚀” means the price is skyrocketing—10x, 50x, 100x. This is what every degen dreams of: pure hype, massive volume, memes firing on all cylinders.
But remember: what moons must eventually dump. Take profits.

Juiced: Loaded with Hype

A juiced coin is full of hype, liquidity, and community energy. It’s trending, volatile, and possibly explosive.
Trade it early, or tread carefully—because juiced coins can go vertical… or implode just as fast.

Dead Chart: No Pulse

No volume. No buys. No hope.
A dead chart or ghost coin is what happens after the hype fades — or a soft rug hits. Price flatlines or drips downward like a faucet. Sometimes permanently.

Narrative: The Meme Behind the Meme

Narrative is everything.

It’s the reason people ape in—whether it’s a cute dog, a political troll, or an anime throwback. Narratives give meme coins virality and staying power. The right narrative, timed well, can carry a low-cap coin straight to Valhalla.

Bots & Insiders: The Hidden Hands

Some wallets seem to know exactly when to buy. That’s usually because they’re:

  • Bots running scripts

  • Insiders who got tokens early


Tools like Photon Remastered help expose these wallets so you don’t get front-run or dumped on without warning.

Sweeping: Strategic Hype Building

Sweeping is when someone — usually the team or a whale — buys tons of tokens off the DEX, usually at market price.

This pumps the chart, triggers FOMO, and builds hype. Sometimes it’s organic, sometimes it’s planned. Either way, price go up (until it doesn’t).

Taking Profits: Play Smart, Stay Rich

You made it. The coin mooned. Now what?

Take profits. Sell in chunks. Always take your initial out early. Scaling out reduces risk and helps you sleep better.

Nothing hurts more than round-tripping a 10x back to zero because you got greedy.

Alpha: The Degen Edge

In this game, alpha is gold.

It’s the early info, the smart wallet move, the insider tip on the next big meme. Follow the right wallets, join the right chats, and watch the right tools.

The earlier you catch the alpha, the closer you are to a moonshot.

Final Word – Tools Over Hype, Always

The meme coin game is fast, furious, and unforgiving—but also full of potential. With this dictionary in your mental toolkit, you're now equipped to survive the chaos, dodge rugs, and maybe even catch a 50x.

Stay sharp, stay juiced, and may your bags be ever in profit.

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