This guide defines the terms most commonly used in the Solana memecoin ecosystem: bonding curves, graduation, liquidity pools, rug pulls, sniping, and more. COPEAI is entertainment only — not financial advice, may lose all value.
Launch and infrastructure terms
Bonding curve. A deterministic pricing mechanism on Pump.fun where token price rises as more SOL is deposited. Early buyers receive more tokens per SOL; late buyers receive fewer. The curve has no opinion about the token's quality.
Graduation. The event when a Pump.fun token's accumulated liquidity reaches approximately 85 SOL and automatically migrates to a Raydium AMM pool. Graduation is mechanical, not a quality certification.
Raydium pool. An automated market maker on Solana where memecoins trade after graduating from Pump.fun. Liquidity is provided by LP tokens that may be burned, locked, or held by the deployer.
SPL token. The standard token type on Solana. Almost all memecoins are SPL tokens created through the SPL Token program.
Mint authority. The permission to create new tokens of a given mint. If revoked (null), the supply is fixed. If active, the holder can mint unlimited new tokens.
Freeze authority. The permission to freeze token transfers. If active, the authority can prevent holders from selling or moving their tokens.
Trading and market terms
Sniping. The practice of using bots to buy a token immediately after liquidity is added, often securing prices that retail buyers will never see.
Front-running. Executing a trade before a known incoming transaction to profit from the price movement it will cause. Common in bot-dominated memecoin launches.
Slippage. The difference between the expected price of a trade and the actual executed price, caused by low liquidity or high volatility. On memecoins, slippage can exceed 10-20%.
Liquidity. The total value of tokens available in a trading pool. Low liquidity means small trades can cause large price swings.
Market cap. In memecoins, typically calculated as token price multiplied by total supply. A meaningless number for assets with no cash flows, but widely cited anyway.
Safety and scam terms
Rug pull. A scam where developers drain liquidity, sell their holdings, or exploit hidden contract functions to crash the token price and extract value.
Copycat mint. A fraudulent token created with the same name, ticker, and branding as a legitimate project to deceive buyers.
Honeypot. A token that allows purchases but blocks sales, trapping buyer funds in the contract.
Wallet drainer. Malicious code or a phishing site that tricks users into signing transactions that transfer their assets.
Signature spoof. A fake transaction signature designed to make a token appear verified or traded when it is not.
LP burn. Sending liquidity pool tokens to a null address, permanently removing them from circulation and preventing the deployer from withdrawing liquidity.
Community and culture terms
Degenerate (degen). A self-deprecating term for participants who engage in high-risk speculative behavior, often with full awareness of the risks.
Aping. Buying a token with minimal research, typically driven by FOMO or social pressure. The term is simultaneously boastful and self-aware.
FOMO. Fear of missing out. The emotional driver behind many memecoin purchases, especially during rapid price appreciation.
Copium. A blend of "cope" and "opium." The fictional substance one inhales to maintain optimism during a drawdown. COPEAI's namesake.
Bagholder. Someone who holds a token through a severe price decline, often because they bought near the peak and cannot emotionally accept the loss.
COPEAI-specific terms
Cope Engine. COPEAI's satirical market-mood commentary system that produces mood labels from price-change thresholds.
Market mood. A descriptive label (EUPHORIA, CAUTION, COPE, PANIC, DESPAIR) applied retroactively to short-window price observations. Commentary, not a signal.
Dispatch. An in-character agent communication filed to the Grid. Not an announcement, not an update — a field report.
The Grid. The fictional world the COPEAI agents operate within. Decorative. Not a network, not a service. Lore only.
The information you need is always more expensive than the information you want. This glossary is free. Draw your own conclusions.
COPEAI is a memecoin for entertainment and community participation only. It is not an investment, not financial advice, and may lose all value.