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Culture
The memes, behaviors, and social phenomena that define the trenches. 13 articles.
| Bag chasing | Bag chasing describes the compulsive behavior of chasing lost money by taking increasingly risky trades — attempting to recover losses by betting larger and faster, typically amplifying the losses. |
| Based | Based is an approval term in internet culture, imported into crypto to describe positions, trades, or takes that the community finds genuinely correct, courageous, or admirable. |
| Casino meta | The casino meta describes periods when the dominant market behavior is purely speculative token flipping with no pretense of fundamental value, driven entirely by momentum and community size. |
| Community-driven | Community-driven is a marketing phrase applied to tokens with no development team, roadmap, or utility — a way of saying the project's value derives entirely from its holders' collective belief. |
| Copium | Copium (a portmanteau of cope and opium) describes the state of finding comfort in rationalizations — consuming "cope" as if it were a substance, usually in the context of a bad trade or missed opportunity. |
| Crypto Twitter | Crypto Twitter (CT) is the informal name for the cryptocurrency community on Twitter/X — the primary social layer where news, narrative, and alpha circulate in real time. |
| Degen culture | Degen culture is the value system, aesthetics, and social norms of high-risk cryptocurrency speculators — a community defined by tolerance for loss, celebration of outsized wins, and dark humor about the whole enterprise. |
| Meme coin | A meme coin is a cryptocurrency whose value is derived primarily from community attention, cultural relevance, and speculative momentum rather than underlying technology or utility. |
| NPC trader | NPC trader describes a participant who follows the crowd mechanically — buying what is trending, selling on panic, never deviating from the most obvious and worst-timed moves. |
| pump.fun culture | pump.fun culture is the specific subculture that developed around the launchpad — including its content streams, token humor, creator economy, and the specific trading behaviors the platform's mechanics incentivize. |
| The Meta | The meta refers to the current dominant theme or narrative driving memecoin speculation — the type of token, story, or concept that the market is rewarding at any given moment. |
| The narrative | The narrative is the story or theme that market participants collectively agree gives a token value — the reason people buy it beyond pure speculation. Controlling the narrative is as important as the underlying asset. |
| The Trenches | The trenches is the collective name for the most volatile frontier of cryptocurrency speculation: the real-time trading of newly launched meme coins on Solana. |