Mason Versluis breaks down meme-coin trading slang: ape, degen, rug pull, honeypot, and liquidity pools. He explains how market cap and liquidity actually work, introduces the Sanji bot for faster trades, and covers community signals like alpha and FOMO that drive trader behavior.
Crypto meme coin vocabulary 101. If you watch until the end, you actually care about learning and you actually deserve some profits. Number 1, ape. You will see this word everywhere. Ape basically means that you don't care about the money that you're using. You aped your money into a new crypto token. This means you didn't think about it that much and you just chucked money in. I aped money into a token. Degen— this stands for degenerate. It's pretty self-explanatory. It is someone who doesn't care about the money they're using or anything. They're just a degenerate. They're trying to make a lot of money on meme coins. CA— this one you'll see everywhere. This is contract address. Every single token that is built on top of another token has a contract address. It's a smart contract address. This is the token address. It's different from a wallet address. So CA is the contract address of the specific token that you're referencing. Bot and Sanji. Okay. Bots are something that people use on Telegram to trade crypto and trade meme coins faster than everyone else. We developed our own called Sanji. So if you see that word in my comments or anywhere in our Discord, They're referencing the Telegram trading bot that we used that allows you to get better entries than these people using other, other platforms. It's on Solana, right? You see this all the time. It's on Solana. It's built on Ethereum. It's built on Avalanche. This means that this is a token built on top of Solana. Okay. So Solana is a layer 1, right? And then you've got— so you can think of it as the land. Then you've got layer 2s built on top of it. These are the tokens. These are the houses on top of the land, right? So Solana is a layer 1. Then you've got tokens on top of it. So if someone says it's, it's on Solana, that means that you need to look for a Solana contract address. It's going to be on Solana, so you have to use your Phantom wallet, your Sanji bot to buy it because it's on Solana. Okay, if it's on Ethereum, you've got to use something like MetaMask. Now, rug pull or rug— a rug pull is pulling the rug out from a bunch of crypto holders. So if you buy a token, it's going up and up and up, and then they rug pull the liquidity. And we'll get to what liquidity is, but But basically they take all the money out of the coin, right? They just literally scammed you. And that's what a rug is. Typically rugs go actually to zero. Like you actually just cannot sell them. They go straight to zero. So you'll see a big, you know, red candle. Damn, all these terms. You'll see the chart go all the way down. Market cap. Market cap is a metric that's being used a lot right now in meme coins. And all it is is circulating supply, which means how many of the tokens are out there in the hands of the people, multiplied by the current price. It is simply a calculation, okay? Uh, right now it's a psychological metric. So if something's approaching 10 mil market cap, it might psychologically be affected, and then 15, and then, oh, it's going to 20. 'Oh, I don't think it can go to $100.' It's just psychological. Anything can go to any market cap if you really know what it means. It just is just circulating supply times current price. Price is not determined by market cap, okay? Price is not determined by market cap. Price is determined by what people are willing to buy it for on the market. Like, some of these coins can go to $1 if we're just all agreeing it's now worth $1 for some reason. Right? It's, it's based on price. Honeypot. Honeypot is where money goes into the honeypot and it looks really, really good. The token is going up and up and up, but you cannot get your money out. You can use a website called rugcheck.xyz and this is going to detect if it's a honeypot. Supercycle. When you see people mentioning the meme coin supercycle, the supercycle means that the The previous structure of our cycles is going to be wrong this time. And meme coins will continue to go up and up and up for a longer time. It's going to be a supercycle. Alpha. Alpha just means good information, right? Information, early information, just super good information is referenced as alpha. Now an alpha call or an alpha play is a, is an alpha caller, right? So in, in DeGen Warzone, we are taking on the role of an alpha caller and we are putting out alpha to the masses, right? Which is just, you know, tokens we think might do well. So alpha call is someone putting out tokens that they think might do well. Pump and dump, pretty self-explanatory. Someone is pumping the token up and then they're dumping it. It goes hand in hand with rug pull and honeypot. FOMO stands for fear of missing out. Whale is a holder that is holding millions of dollars worth of a token. Liquidity pool are the pools that are taking in the liquidity. So essentially, the more liquidity a token has, the harder it is for your buy and sell to move that price. If it's lower liquidity and you buy— let's say it's super low liquidity and you buy $10,000 worth. The token price and chart could move like crazy because it's low liquidity. But for example— excuse me, I'm sniffing— uh, for example, if you buy $10,000 worth of Bitcoin right now, you're not going to move the price, you're not going to affect it. That's because of liquidity.
