Field Manual
Glossary. Every term.
145 terms across psychology, security, tokenomics, tools, and culture. The language of the trenches, defined.
A
Advanced Trading Strategy Tools
Axiom's automated exit system allowing stacked take-profit and stop-loss rules attached to a specific position. Two common failure modes: leftover rules from a prior entry firing against a new position, and toggle drift (forgetting whether the system is on or off). → AMM (Automated Market Maker) Tokenomics
A decentralized exchange mechanism that prices assets algorithmically based on the ratio of reserves in a liquidity pool rather than an order book. PumpSwap, Raydium, Meteora, and Orca are the primary Solana memecoin AMMs. → Anchoring Psychology
The cognitive tendency to rely too heavily on the first piece of information encountered when making subsequent judgments. In memecoin trading, entry price becomes the anchor, causing traders to hold losing positions waiting to get back to even rather than evaluating the current setup on its merits. → Architect (Archetype) Psychology
The trader archetype anchored to process and thesis rather than PnL. Identity is separable from any single outcome. The Architect records, reviews, and compounds learning. A bad outcome on a plan-followed trade is variance, not a verdict. → Associated Token Account (ATA) Tokenomics
The standard Solana account that holds a specific SPL token for a given wallet. Each token type requires its own ATA. Drainers frequently include CloseAccount instructions to recover the rent SOL stored in a victim's ATAs as an extra extraction layer. → ATH (All-Time High) Tokenomics
The highest price or market cap a token has ever reached. Useful for retracement framing but also a common anchor trap — traders hold bags waiting for a return to ATH that statistically almost never comes on memecoins. → Availability Heuristic Psychology
The tendency to judge the probability of an event by how easily examples come to mind. Vivid, memorable memecoin winners (WIF, GOAT, FARTCOIN) feel more probable than the 98.6% failure base rate supports because they are cognitively accessible. → Axiom Tools
A browser-based, non-custodial Solana trading terminal at axiom.trade. Built by Henry Zhang and Preston Ellis, YC W25. Provides discovery via the Pulse tab, token analysis via the Token Info Card, and execution via presets, limit orders, and the migration sniper. → B
Bagworking Culture
Active community accumulation and promotion of the same meme by all holders. The behavioral signature of a genuine community coin — every holder is invested in the cultural object, not just the price action. → Base Rate Psychology
The underlying statistical frequency of an outcome in a population. Ignoring base rates is one of the most foundational errors in probabilistic reasoning. On Pump.fun: 98.6% of tokens end below $1,000 in liquidity; roughly 0.63% of launches graduate. → Blind Signing Security
Approving a transaction without verifying its instructions. Exploited by drainers whose wallet popups show only that a transaction is being signed rather than what it will do. Even hardware wallets fail when blind signing is enabled. → Bonded Ticker Culture
A ticker that has previously had a coin complete the bonding curve and migrate to a DEX. A relaunched bonded ticker is a red flag: the market has already processed this name and the novelty premium is spent. → Bonding Curve Tokenomics
Pump.fun's pre-graduation pricing mechanism where price moves deterministically as supply is purchased. The curve requires roughly 85 SOL in buy pressure to complete, bringing the market cap to approximately $69,000. Only 0.63% to 1.4% of curves complete. → Bribe Fee Tools
A separate auction-style payment routed through an alternative block-inclusion path for time-sensitive transactions. Different from priority fee: priority fee bids for queue position in the standard scheduler; bribe fee bids for block inclusion through a competing path. → Bubblemaps Tools
An on-chain token distribution visualization tool at bubblemaps.io. Founded 2021 by Nicolas Vaiman, Arnaud Droz, and Leo Pons. V2 (May 2025) added Magic Nodes for indirect cluster detection, Time Travel for historical snapshots, and Money Flow for transfer-level drill-downs. → Bundle Tokenomics
A group of wallets controlled by the same entity or coordinated actors that all bought a token at or near launch, collectively holding a meaningful share of supply. The trader's definition is outcome-based: how many wallets, what supply percentage, and are they still holding? → Bundle Dump Security
A coordinated sell by multiple wallets funded from a common source, producing a chart pattern identical to a hard rug. Distinguishable from a hard rug only via Bubblemaps cluster analysis; the chart crash looks the same regardless. → C
Chair Test Psychology
A pre-trade mental simulation: would my sober self, sitting alone tomorrow morning, away from CT and the live chart, take this trade? The three elements do distinct work — sober removes the dopamine state, alone removes the crowd's pressure, tomorrow removes time urgency. → Circulating Supply Tokenomics
The number of tokens currently tradeable in the open market, excluding locked, vested, or burned supply. Used with current price to calculate market cap. Vesting unlocks increase circulating supply, which can be a structural sell pressure event. → Clear Signing Security
A wallet UI that displays human-readable instruction details before the user approves a transaction. Shows net SOL change, net token change, and account closures. The standard a trader should require from any wallet used for significant holdings. → Clipboard Hijacker Security
Malware that monitors the clipboard for cryptocurrency addresses and silently replaces them with the attacker's address at paste time. The Laplas Clipper specifically matches first and last characters of the victim's intended address to defeat the standard four-character verification check. → Cluster Tokenomics
A group of wallets identified by Bubblemaps as likely controlled by the same entity, based on transfer history, shared funding sources, and behavioral patterns over time. Distinct from a bundle (temporal launch coordination) — clusters can form from bundles long after launch. → Cold-Hand Fallacy Psychology
The mirror error to the hot-hand fallacy: believing a losing streak signals lost skill rather than variance. Causes traders to stop trading entirely after consecutive losses, often missing the rotation into a new meta. → Common Upstream Tokenomics
The wallet that funded multiple seemingly-independent buyers, revealing that they are in fact one coordinated entity. The connective tissue of a wallet cluster. Visible by tracing the Solscan funding chain one to three hops upstream from each top holder. → Community Coin Culture
A memecoin sustained by a coordinated holder community rather than a developer. The strongest of the three memecoin categories. Endures drawdowns because holders are invested in the cultural object, not just the price. BONK, WIF, and POPCAT exhibit this property in varying degrees. → Confirmation Bias Psychology
The tendency to search for, interpret, and recall information that confirms preexisting beliefs. In memecoin trading, the X algorithm and Telegram group dynamics act as structural amplifiers — the feed curates to match existing positions, not to challenge them. → Conviction Psychology
A thesis held with explicit falsification criteria — specific, observable conditions that, if triggered, would prove the thesis wrong. Articulable in plain language. Held in light rather than in defense: disconfirming evidence sharpens or kills the position, and both outcomes are wins. → Creator Fee Sharing Tokenomics
Pump.fun's January 2026 feature routing a percentage of trade fees to creator wallets, split across up to 10 addresses. Structurally rewards volume regardless of price performance, enabling slow-rug dynamics where the developer extracts via fees while the chart bleeds. → CT (Crypto Twitter) Culture
The X community of crypto traders, analysts, and influencers. The dominant information-distribution layer for memecoin narratives. Algorithmically optimized for engagement, which means it amplifies confirmation bias and parasocial KOL relationships as structural features. → CTO (Community Takeover) Culture
A community-led continuation of a rugged or abandoned token. The rare CTOs that succeed (POPCAT, BILLY) are loudly visible; the majority re-rug under new operators. Default to scrutinizing new operator wallets with the same forensic process as any fresh launch. → CTO Rug Security
A second extraction following a community takeover. New operators accumulate supply during the CTO narrative, then dump as if they were the original deployer. The CTO structure provides the same supply-and-exit mechanics as the original rug, with the community's trust as additional cover. → D
Decision Quality Psychology
The soundness of a decision evaluated against the information available at the time it was made, before the outcome was known. The Architect's only unit of judgment. A plan-followed loss is a high-quality decision with bad variance; an unplanned YOLO that printed is a low-quality decision with good luck. → Deliberate Practice Psychology
Structured repetition with specific goals and immediate, accurate feedback (Ericsson et al., 1993). Without accurate feedback, repetition accumulates hours but not skill. Years of trading without a journal is 1 hour of practice repeated 1,000 times — the loop is broken. → Delusion Psychology
A thesis without falsification criteria. Sunk cost wearing conviction's clothes. No observable outcome would trigger an exit, which means the position cannot be wrong — it is faith, not analysis. Popper's test: a claim that explains every possible outcome is not a strong claim. → Dev Holding % Tools
The percentage of total supply currently held by the deployer wallet — the one that signed the create-mint transaction. Above 10% is a hard skip without a verifiable lock or vesting contract. Above 5% requires explicit justification. The DS marker appears when the deployer has fully sold. → DEX Paid Tools
The badge indicating a token purchased DexScreener's Enhanced Token Info service ($299-$499). A tiebreaker between otherwise identical tokens, never a primary thesis. A badly formatted banner (wrong aspect ratio, letterboxing) is a tell for third-party launching tools that bundle supply. → DexScreener Tools
A real-time DEX aggregator showing price charts, volume, holders, and liquidity across chains. The primary chart tool for most Solana memecoin traders. Enhanced Token Info adds a project profile. Volume numbers require wash-trade verification before use as a signal. → Disposition Effect Psychology
The documented investor behavior of selling winners too early and holding losers too long. Named by Shefrin and Statman (1985), confirmed empirically by Odean (1998). The financial-markets fingerprint of loss aversion. Structurally incompatible with memecoin trading, which rewards letting rare winners run. → Drainer Security
Malicious software that extracts wallet assets via user-signed transactions on phishing sites. The transaction is technically valid on-chain; the victim authorized it without understanding what it authorized. Named drainer kits include Riddance, Rublevka Team, CLINKSINK, and MS Drainer. → Drainer-as-a-Service (DaaS) Security
A drainer kit rented to affiliate operators on a commission basis, typically 10-20% of proceeds. Rublevka Team (documented December 2025) explicitly supports Axiom and Photon among 90+ wallet types. MS Drainer extracted roughly $59M from 63,000 victims before its source code leaked. → DS (Dev Sold) Tools
Axiom's annotation that the deployer has fully unloaded their token position. Mildly bullish for pure-meme launches — the supply overhang is gone. Often bearish for utility-narrative coins — the person responsible for building has exited. → F
Falsification Criterion Psychology
A specific, observable condition that, if it occurred, would prove the trader's thesis wrong. Popper's test for whether a belief is conviction or faith. Before entry: write down 'I would exit this position if ___.' If the blank cannot be filled with something specific, the position is hope, not conviction. → Final Stretch (Axiom) Tools
The Pulse sub-feed showing tokens between 50% and 99% bonding curve progress, roughly $40,000 to $65,000 MC. Provides a longer forensic window than New Pairs. The Final Stretch Fakeout pattern — fast curve fill with concentrated coordinated supply — is the dominant manipulation signature at this stage. → Five-Minute Rule Psychology
A forced pause between wanting to make a trade and making it. In the interval, the dopamine peak passes, System 2 deliberation re-engages, and the chart often reveals whether the move was real or manufactured. Disproportionately filters bad setups because bad setups rely on sub-5-minute urgency to defeat analysis. → FOMO (Fear of Missing Out) Psychology
Apprehension that others are having rewarding experiences from which one is absent (Przybylski et al., 2013). In memecoins, amplified by the asymmetric salience of winner posts versus loser silence. The visible distribution of outcomes is severely skewed toward winners even when the actual distribution is overwhelmingly losses. → Freeze Authority Tokenomics
The SPL Token Program authority that can freeze any holder's Associated Token Account, blocking them from selling. Must be null for any memecoin worth touching. Active freeze authority is a disqualifying red flag with no legitimate justification on a memecoin launch. → Freeze Authority Rug Security
A rug executed by using an unrenounced freeze authority to selectively freeze large holder accounts before dumping. The developer blocks targeted holders from selling, then sells their own bag into the remaining buy pressure. Prevention is simple: verify freeze authority is null before entry. → Fresh Wallet Tokenomics
A Solana address whose first transaction occurred recently relative to a token's launch. A top-20 holder set dominated by fresh wallets is near-diagnostic for an insider operation. Three flavors: cold-fresh (created at launch), warmed-up (one or two prior transactions to fake history), and graduated (from an operator's rotation pool). → Fully Diluted Valuation (FDV) Tokenomics
Market cap calculated at the maximum possible token supply rather than circulating supply. Relevant when large portions of supply are locked or vesting. FDV versus MC divergence shows how much supply pressure will enter the market as locks expire. → Funding Tree Tokenomics
A network structure where one source wallet funds multiple intermediaries, each of which funds several buying wallets, all of which buy the same token. The architecture of most coordinated launch operations. Visible by tracing the Solscan Funded By field across multiple top holders. → G
Gambler's Fallacy Psychology
The mistaken belief that statistically independent events influence each other. In memecoins: 'it has been bleeding for four hours, it must be due for a bounce.' Dying charts die for compounding reasons that typically intensify rather than reverse. → Graduation Tokenomics
The transition from Pump.fun's bonding curve to a live AMM pool (PumpSwap since March 2025). Requires roughly 85 SOL in buy pressure; LP tokens are automatically burned. Approximately 0.63% of launches graduated in September 2025. Graduation is the minimum threshold of survival, not evidence of quality. → Green-Candle Pull Psychology
The visceral attraction to a vertical real-time price move. Dopamine neurons fire to the prediction of a reward (Schultz, 1997), not the reward itself — the green candle triggers an anticipatory signal identical to a slot machine paying out unexpectedly. Activates before any rational analysis can occur. → H
Hard Rug Security
A rug pull executed by the developer directly withdrawing liquidity from the AMM pool. The liquidity disappears in a single block, the token price goes to zero, and there is nothing to trade against. Mechanically closed for Pump.fun-graduated tokens via automatic LP burn; still active on manually-deployed pools. → Helius Orb Tools
Helius's token inspection tool showing mint authority, freeze authority, update authority, and Token-2022 extension status in human-readable form. The recommended first stop for verifying token safety on any token not launched via Pump.fun's standard bonding curve. → Hindsight Bias Psychology
Perceiving past events as having been predictable after the fact. Documented by Fischhoff (1975) as creeping determinism. In trading, it corrupts post-mortem reviews by replacing actual pre-outcome reasoning with what would have been correct — making learning structurally impossible without a contemporaneous written record. → Honeypot Security
A token configured so that buy transactions succeed but sell transactions fail or return near-zero output. Implemented on Solana via Token-2022 TransferFeeConfig at extreme values, freeze authority abuse, or malicious transfer hooks. Quick test: buy a minimal amount, wait one block, simulate the sell on Jupiter. → Hot-Hand Fallacy Psychology
The mistaken belief that a winning streak signals durable skill rather than noise. Causes traders to size up dangerously after consecutive wins, producing drawdowns larger than the streaks that preceded them. → I
Identity-Based Habit Psychology
A habit oriented around who you are becoming rather than what you are achieving (James Clear, Atomic Habits, 2018). 'I am a trader who journals every trade' versus 'I want to be profitable.' The habit reinforces the identity, which reinforces the habit. → Implementation Intention Psychology
A pre-committed if-X-then-Y plan (Gollwitzer, 1999). Delegates action control to a situational cue, removing real-time deliberation from the requirement. Meta-analysis across 94 studies found effect size d=0.65 on goal attainment. The structural mechanism behind every effective trading defense. → Information Cascade Psychology
Locally rational following of predecessors that produces globally inefficient herd outcomes (Bikhchandani, Hirshleifer & Welch, 1992). Telegram pump groups are information cascade machines — synchronized buys feel like consensus but are a single biased signal echoed through hundreds of pings. → Insiders % Tools
Axiom's estimate of supply held by wallets linked to the deployer through funding chains or behavioral signatures. Above 10% is a structurally compromised launch. Above 5% requires investigation. Defeatable by hard disperse funding techniques that break Axiom's graph-distance detection. → Instant Trade Tools
Axiom's floating panel on the token detail page with pre-armed buy and sell buttons that fire immediately without a second confirmation step. Faster fill path than the standard right-side buy module. Should be disarmed when stepping away from an active session to prevent accidental execution. → K
KOL (Key Opinion Leader) Culture
A wallet or account attached to a publicly known trader whose positions and posts are tracked by followers. In CT, KOL signals are adversarial by default: the top five KolScan wallets averaged 22-second hold times across $30M+ in extracted value. The post is the exit mechanism, not the entry thesis. → KOL Pod Culture
A private group chat where multiple KOLs coordinate buys and posts to synchronize price and social signals. Documented in ZachXBT's 2025 investigations. Produces synchronized activity that retail reads as independent consensus — it is a single signal run through multiple broadcast channels. → KolScan Tools
A free tool at kolscan.io for tracking Solana KOL wallets by realized PnL. Acquired by Pump.fun in 2025. The primary sourcing tool for wallets to add to Axiom's Trackers tab. Sort by weekly or monthly PnL rather than daily to avoid one-trade flukes. → L
Liquidity Pool (LP) Tokenomics
A smart-contract-held reserve of two assets that enables AMM trading. Pool depth determines price impact: shallow pools move more per trade than deep ones. The liquidity-to-MC ratio below roughly 5% is structurally thin — large sells move price dramatically and the depth visible on the chart may not be available at execution. → Loss Aversion Psychology
The empirical finding that losses feel approximately twice as painful as equivalent gains feel pleasurable (Kahneman and Tversky, 1979). The engine behind the disposition effect. Structurally incompatible with memecoin trading, which requires cutting many losers fast to afford the rare large winner. → Lottery Effect Psychology
Overweighting low-probability, high-magnitude outcomes because they are vivid and memorable. Formalized in Kahneman and Tversky's prospect theory as the probability weighting function. WIF, GOAT, and FARTCOIN are three names from a field of 11.5 million tokens that died in 2025 alone. → LP Token Tokenomics
A token representing a share of an AMM liquidity pool. Burning LP tokens permanently locks the pool, eliminating the hard rug attack vector. Pump.fun automatically burns LP tokens at graduation — this is the protocol default, not a developer virtue signal. → M
Magic Nodes (Bubblemaps) Tools
Bubblemaps V2's automatic indirect cluster detection. Extends the map beyond direct top-holder connections to surface wallets sharing an off-screen funder or behavioral fingerprint. The primary counter to the fragmented bundle pattern, which deliberately splits supply across visually separate clusters. → Market Cap (MC) Tokenomics
Calculated as circulating supply times current price. The primary valuation metric for memecoins. Not equivalent to total capital invested — a token with $1M MC has not necessarily received $1M in net inflows. Early bonding-curve buyers have cost bases far below the current MC. → Max-Daily-Loss Cap Psychology
A pre-committed maximum percentage of account capital that can be lost in a single trading session. When hit, the platform closes and the session ends. The cap is the Ulysses mast for tilt cascades — it removes the option of recovery trading, which is the only fuel the cascade needs. → Memecoin Culture
A cryptocurrency whose value is derived from cultural attention rather than utility, cash flows, or underlying assets. A memecoin's only product is its narrative. Without a narrative it is a ticker and a number; with a tight narrative it is a tradable cultural object that lives or dies with the attention cycle around it. → Meta Culture
The dominant narrative theme across the market at a given moment. Where a narrative belongs to one coin, the meta is the category the market is currently rewarding. A coin with a strong narrative inside a dead meta still fails; a mid-tier narrative inside a hot meta can run. → Meteora Tools
A Solana AMM with Dynamic Liquidity Market Maker (DLMM) pools. The single-sided LP extraction technique used in LIBRA, MELANIA, WOLF, and the NYC Token exploited Meteora's DLMM architecture — operators deposit only the token side and drain accumulating buyer SOL by closing the position. → Migrated (Axiom) Tools
The Pulse sub-feed showing tokens that have completed their bonding curve and now trade on PumpSwap or Raydium. The first 30 minutes post-migration is the modal distribution window — early holders with the most unrealized gain and the most accumulated SOL to sell into the new AMM liquidity. → Migration Rug Security
A rug executed by the developer dumping pre-graduation holdings into thin post-migration liquidity during the graduation candle. The brief high-volume window immediately after migration is the exit window. The modal outcome for newly migrated Pump.fun tokens in 2026. → Migration Sniper (Axiom) Tools
Axiom's automated buy feature timed to the moment a token migrates from bonding curve to AMM, targeting inclusion in the migration block or the next one. Distinct from block-zero launch sniping, which requires infrastructure not available through any retail platform. → Mint Authority Tokenomics
The SPL Token Program authority that can create new tokens. If set to null, supply is permanently fixed and the inflation rug vector is mechanically closed. Pump.fun and LetsBonk set mint authority to null by default at launch. → Mint Authority Rug Security
A rug executed by minting new supply to dilute existing holders and then selling the newly created tokens. On-chain signature: a MintTo instruction appearing after launch with total supply increasing on Solscan. Preventable by verifying mint authority is null before entry. → N
Narrative Culture
The story or thesis behind a single memecoin — the cultural reference, the joke, the news event, or the inside reference that explains why anyone should care. A memecoin's only product. A strong narrative survives drawdowns; a thin narrative dies on the first red candle. → New Pairs (Axiom) Tools
The Pulse sub-feed showing tokens just launched on Pump.fun or Printr. The highest-noise environment on Axiom — approximately 99.5% of New Pairs never graduate. Conservative filter: MC $9K-$50K, 50+ holders, top 10 under 30%, bundles under 10%, dev under 10%. → O
OG Meta Culture
The market's preference for original cultural objects with no prior bonded ticker. The current market rewards novelty and punishes relaunches — people are exhausted by repackaged memes and want first-encounter cultural references. → One-Way Mirror Culture
The information asymmetry between KOL and follower. The KOL sees live follower wallet behavior, copy-trade flows, on-chain reactions to every post, and real-time PnL. The follower sees curated posts on the KOL's schedule. Same market, structurally asymmetric information. → Outcome Bias Psychology
The documented cognitive bias of rating identical decisions more favorably when told the outcome was good, even when explicitly stating that outcomes should not affect evaluation (Baron and Hershey, 1988). Automatic, self-deceptive, and confirmed by a 2023 pre-registered replication with an even larger effect size. → P
P1/P2/P3 Presets Tools
Axiom's three saved slots for slippage and fee configurations. PSG naming convention: P1 is Trade (conservative default for calm AMM trading), P2 is Snipe (aggressive for migration snipes and hot launches), P3 is Panic Exit (blown-out slippage for force-filling on a collapsing chart). → Paradox of Skill Psychology
As the skill floor rises across all participants in a competitive environment, variance in skill compresses and luck dominates short-run outcomes more (Mauboussin). In 2026 memecoin trading: better tooling, more bots, more sophisticated participants — and individual session results increasingly driven by variance rather than edge. → Parasocial Relationship Culture
A one-sided perceived intimacy with a media persona (Horton and Wohl, 1956). In CT: the follower experiences a relationship; the KOL operates a broadcast. The parasocial bond makes followers buy faster (trust collapses the deliberation window), hold longer, and refuse counter-evidence. → Permanent Delegate Tokenomics
A Token-2022 extension that allows a designated address to transfer or burn any holder's tokens at will. Designed for stablecoin compliance and issuer-controlled assets. On a memecoin, an active PermanentDelegate is a kill signal — the operator retains the ability to seize any holder's position. → Phishing Site Security
A website designed to look identical to a legitimate platform to capture wallet signatures. The defense is exact URL verification against a saved bookmark. Real Axiom: axiom.trade. Real Phantom: phantom.com. Real Jupiter: jup.ag. Never type these; never click links from DMs, X posts, or Telegram. → Plan-Followed vs Plan-Broken Psychology
The journaling distinction between trades where the pre-committed plan was executed and trades where it was deviated from. Expectancy must be calculated separately for each. If plan-broken expectancy matches or beats plan-followed, the written plan is not a plan — it is a written suggestion. → Priority Fee Tools
An optional additional fee paid in SOL to elevate a transaction in Solana's validator scheduler. Priced in micro-lamports per compute unit; Axiom abstracts this as a flat SOL amount. Too low during congestion means slower inclusion; too high on a calm network wastes SOL for no benefit. → Pro Traders (Axiom) Tools
Axiom's heuristic classification for wallets with historically profitable trading patterns. A positive secondary signal when present — smart-money attention. Never a primary signal. High Pro Trader count can mean smart money is already positioned and preparing to exit into follower buys. → Profile Coin Culture
A memecoin tied to a specific X account's personal brand. The weakest of the three memecoin categories. The cultural object is one person's image; when that account loses interest, the community disperses. Most profile coins are LARP or profile slop without underlying community investment. → Prospect Theory Psychology
Kahneman and Tversky's 1979 model of decision-making under risk. Explains loss aversion (losses feel twice as painful as equivalent gains) and the probability weighting function (humans overweight small probabilities and underweight large ones). The foundational model for why trader behavior deviates systematically from rational-actor predictions. → Pulse Tab (Axiom) Tools
Axiom's real-time lifecycle feed with three sub-feeds: New Pairs (just launched), Final Stretch (50-99% bonding curve, roughly $40K-$65K MC), and Migrated (post-graduation on PumpSwap or Raydium). The discovery layer of the Axiom stack — not the verification layer. → Pump.fun Tools
The dominant Solana memecoin launchpad. Uses a bonding curve pricing mechanism pre-graduation; LP is automatically burned at migration to PumpSwap. 7 million+ tokens analyzed Jan 2024 through Mar 2025; 98.6% ended below $1,000 in liquidity per Solidus Labs. → PumpSwap Tools
Pump.fun's in-house AMM launched March 2025. Replaced Raydium as the destination for bonding-curve graduations. LP tokens are burned automatically on migration, closing the hard rug vector. Post-migration price action is determined by existing holders selling, not by LP structure. → PvP (Player vs Player) Culture
The trader-against-trader dynamic in memecoin markets where competing developers and copycats actively try to drain volume from each other. Community coin structures short-circuit PvP by anchoring the cultural object in the community rather than a developer wallet. → R
Raydium Tools
The primary Solana AMM for tokens launched outside Pump.fun's bonding curve, or graduated before PumpSwap's March 2025 launch. CPMM and CLMM pool types. Still the destination for manually-deployed token pairs and the previous graduation target for all Pump.fun tokens. → Reactor (Archetype) Psychology
The trader archetype anchored to feelings and PnL. Identity collapses with the bag — a green day means 'I am a good trader,' a red day means 'I am a bad trader.' Time horizon compresses to the next five minutes. Re-learns the same lesson on a six-week loop indefinitely because there is no record. → Recency Bias Psychology
Overweighting recent events when forming judgments. In memecoins: treating the last three trades as definitive evidence of skill or its loss. Produces the hot-hand fallacy (size up after wins) and the cold-hand fallacy (stop trading after losses), both of which are expensive errors. → Resulting Psychology
Annie Duke's term (Thinking in Bets, 2018) for the error of judging decision quality by outcome quality. A bad decision that produced a good outcome is still a bad decision. A good decision that produced a bad outcome is still a good decision. The most expensive wins in trading teach the wrong lesson. → Revenge Trading Psychology
Entering a trade primarily to recover a prior loss rather than on independent merits. The first link in the tilt cascade. Powered by loss aversion (the pain of the loss demands recovery) and sunk cost (I'm already down, I have to get it back). Prevention: the walk-away trigger fires on this pattern. → Reward Prediction Error Psychology
Wolfram Schultz's dopamine mechanic (1997): midbrain dopamine neurons fire most strongly to unpredicted rewards. A vertical green candle triggers the same anticipatory signal as a slot machine paying out — the dopamine fires before rational analysis can engage. → Rug Pull Security
Any event in which token operators extract value from external holders in a way that destroys the market price, without holders' meaningful consent or warning. Covers both narrow technical rugs (LP withdrawal) and functional rugs (soft dump, honeypot, vesting unlock, single-sided LP drain). Solidus Labs found 98.6% of Pump.fun tokens qualify. → Rug-After-Vesting Security
A rug executed after a publicly announced token lock expires. Informed holders front-run the unlock — the chart bleeds in anticipation — and the developer dumps at completion. Pre-announced single-event unlocks (20%+ of supply on one date) with no buyback program are the clearest warning pattern. → S
Same-Block Sniping Tokenomics
The practice of deployer-funded wallets acquiring supply in the same block as token creation. Documented by Gate Research as executed thousands of times per week on Solana. Retail's executable speed is structurally slower than co-located bundler infrastructure — the race was never going to be close. → Sentinel-Tier Trader Psychology
PSG's term for the highest tier of trader development. Not bias-free, not unemotional, not a rule-following robot. The Sentinel catches the bias in 30 seconds instead of 30 minutes. The tilt cascade is interrupted earlier. The recovery loop is shorter. The work did not end — it got faster. → Single-Sided LP Extraction Security
A rug pattern using Meteora DLMM pools with only the token side deposited. As retail buyers swap SOL into the pool, that SOL accumulates in the developer's LP position. The developer closes the position and takes the accumulated SOL. Used in LIBRA ($87.4M extracted), MELANIA, WOLF, and the NYC Token. → Skill-Luck Continuum Psychology
The spectrum between pure-skill and pure-luck activities (Mauboussin, The Success Equation, 2012). Memecoin trading sits near the luck end in any 24-hour window, meaning individual outcomes carry almost no signal about decision quality. The implication: process discipline is the only edge that compounds. → Slippage Tools
The maximum percentage deviation between the expected and actual execution price. Too tight causes failed transactions; too loose invites price extraction. Sell slippage matters more than buy slippage — a failed sell during a dump is catastrophic, while a missed entry is merely annoying. → Slow Rug Security
Structural value extraction via Pump.fun creator fees, cash-back trading rebates, and dev buyback theater. The chart looks alive — high volume, no dramatic collapse — while fees flow continuously to operator wallets. The treadmill pattern: high volume, flat or slowly declining price, no structural breakout. → Sniper (Wallet) Tokenomics
A wallet that bought a token in the first one to three blocks after liquidity opened. Can be an external bot (not coordinated with the team) or a disguised developer-linked wallet. Axiom's Snipers % shows the percentage of supply held by first-block buyers. → Soft Rug Security
A rug executed by the developer selling their pre-allocated supply into existing liquidity without touching the pool. Technically legal in most jurisdictions. Produces the 'death by a thousand cuts' chart — lower highs, lower lows, ATH formed early and never retested. The most common form of extraction. → SOL Balance Residue Tokenomics
The leftover SOL in a wallet after the initial token purchase. When multiple wallets were funded with identical amounts and executed identical buy sizes, they share nearly identical residuals. Scanning the SOL balance column on the Holders tab for matching clusters is a rapid forensic technique for identifying coordinated wallets. → Solscan Tools
The primary Solana blockchain explorer. Acquired by Etherscan in 2024. Shows token mint authority status, full transaction history, wallet portfolio, funding sources via the Funded By field, and Jito bundle detection. The ground truth layer for any forensic investigation that Axiom's heuristics surfaced. → Speed Trap Psychology
The compressed decision window in memecoin trading that disables System 2 deliberation. Pump.fun bonding curves can graduate in minutes. Platforms compete on execution speed as a marketing feature. The faster the rail, the less deliberative capacity the trader gets before the buy fires. → Stake-vs-Survive Psychology
The sizing principle that a -100% outcome on any position must not compromise the trader's ability to continue trading. Stake is what you risk; survive is what you must preserve. Critical for memecoins because -100% is the modal outcome (98.6% of Pump.fun tokens end below $1,000 in liquidity), not a tail event. → Sunk Cost Fallacy Psychology
Continuing to commit to a course of action because of resources already invested, rather than future expected value. In memecoins: holding a dying bag because 'I've already lost so much.' Sunk costs don't predict outcomes — they predict only that you've already paid. → Supernode (Bubblemaps) Tools
Bubblemaps' label for high-volume addresses (exchange hot wallets, major LP contracts) whose connection lines are partially omitted to prevent visual overload. The gap that the CEX-hop funding technique exploits — bundle wallets funded through an exchange appear as isolated nodes because the Supernode connections are not rendered. → Survivorship Bias Psychology
Drawing conclusions only from data that survived a selection process while the failures are invisible. In memecoins: WIF, GOAT, and FARTCOIN are three names from 11.5 million tokens that died in 2025 alone. The Trending tab surfaces the survivors; the corpses have no panel. → T
Take-Profit Ladder Tools
A stacked sequence of sell rules at multiple price or MC milestones, each selling a fraction of the position. Example structure: 25% out at 2x entry MC, 25% at 4x, 25% at 10x, 25% left as a free runner. Prevents selling everything too early and prevents giving back all unrealized gain. → Tilt Psychology
The state in which emotional arousal degrades decision quality below the trader's actual skill floor (Tendler and Carter, The Mental Game of Poker). After a loss, the amygdala spikes, cortisol releases, and prefrontal cortex activity is suppressed. The trader is not running their best setup — they are running a distressed nervous system. → Time Travel (Bubblemaps) Tools
Bubblemaps V2's historical snapshot feature. Rewinds to any prior moment in the token's distribution history, including the launch block. Critical for detecting distribution cosmetics — clusters that fragmented visually post-launch while maintaining effective supply control. → Token Info Card Tools
The panel of supply-control and security metrics on Axiom's token detail page: Top 10 %, Dev %, Insiders %, Bundles %, Snipers %, LP Burned %, Holders, Pro Traders, DEX Paid, CA, DA, and authority status. A stacked filter — no single field confirms a trade, but most can kill one. → Token-2022 Tokenomics
Solana's extended token standard supporting transfer fees (TransferFeeConfig), transfer hooks, PermanentDelegate, confidential transfers, and other extensions. Not malicious by default, but enables honeypot configurations unavailable in classic SPL. A Token-2022 token on a memecoin is a forced pause requiring investigation of every active extension. → Trailing Stop-Loss Tools
A stop-loss that follows the price upward as a position appreciates but never moves down. The correct tool for protecting unrealized gains on a running position, not for limiting losses on a fresh entry — a trailing stop set at entry will be triggered by normal wicks before the move has resolved. → Transfer Hook Tokenomics
A Token-2022 extension that runs a custom program on every token transfer. Can implement arbitrary restrictions including blocking sells while allowing buys. A transfer hook on a memecoin is a kill signal in 2026 — no legitimate memecoin use case justifies it. → TransferFeeConfig Tokenomics
A Token-2022 extension that withholds a configurable percentage of every transfer, collectible only by the designated fee authority. Non-zero transfer fees on a memecoin are a red flag: the fee rate can be changed at any time if the authority has not been revoked, enabling honeypot escalation. → Tweet Coin Culture
A memecoin spun up around a tweet or news event. Almost always single-developer with heavily coordinated supply and a short life cycle. Three sub-types with meaningfully different risk profiles: news coins (vamp economy, structurally bad), memes-with-communities (no PvP, best sub-type), and vamp tweets (never buy). → Tweet Monitor (Axiom) Tools
Axiom's in-platform feed aggregating posts from up to approximately 1,500 tracked accounts. A signal tool, not an execution trigger — it surfaces tweets; it does not parse contract addresses or auto-execute. The workflow is: tweet appears, trader copies CA, pastes into Axiom, clicks Quick Buy. → U
Ulysses Contract Psychology
A commitment device that binds the future self via the present self's authority. Odysseus ordered his crew to bind him to the mast and ignore his future demands — he used his rational present self to govern his irrational future self. Every pre-committed trading rule is a Ulysses contract. → Update Authority Tokenomics
The Metaplex or Token-2022 authority that can change a token's name, ticker, logo, and linked social accounts. Retaining this enables a metadata rug — renaming the token mid-pump and redirecting links. Acceptable for doxxed teams with track records; suspicious for anonymous launches. → V
Vampire Tweet Culture
A copycat coin posted within hours of an original runner to siphon volume from the main token. The post argues against the original rather than for itself. Never buy. The copycat is designed to drain the runner, not to create a new narrative — by the time it is marketed, the attention budget is already spent. → Vesting Tokenomics
A time-based release schedule for locked token supply. Vesting completion dates are public on-chain via the vesting program's PDA. A large single-event unlock (20%+ of supply on one date) with no announced holder commitment program is a rug-after-vesting warning pattern. → Volume-to-MC Ratio Tokenomics
A wash-trade diagnostic: volume below roughly 50% of market cap over the relevant window is consistent with artificial activity. High volume on a flat chart is the wash-trade signature. DexScreener's volume number is a marketing claim; the Transactions tab is the audit. → W
Walk-Away Trigger Psychology
A pre-defined condition that forces physical removal from the trading environment. Examples: hitting the max-daily-loss cap, three losing trades in a row, tilt symptoms (rushed clicking, 'just one more'), trading at 3am, or trading in an emotionally dysregulated state. Must be pre-committed and non-negotiable. → Wallet Segregation Security
Operating multiple wallets with distinct roles: one hot wallet for active memecoin trading that holds only session capital, one for medium-term holds, and one cold hardware wallet that never connects to any dApp and serves only as the destination of intentional withdrawals. → Wash Trading Tokenomics
A buy-sell round trip by the same wallet or related wallets to inflate volume without taking real market risk. VanEck's 2024 analysis estimated roughly 41% of Solana memecoin and NFT volume was wash trading. Detectable on the Transactions tab: the same addresses cycling, near-equal buy-sell counts, mechanical timing. → Wetware Psychology
The trader's brain — the neurological hardware running the decisions. Used in contrast to the tools (software) and the platform (hardware). The audit target of the trading psychology series: every bias lives in the wetware, not in the chart. →