# Glossary Key terms used throughout Shotgun and in crypto trading. *** ## A **Available Balance** The amount of SOL in your wallet that is currently liquid and available to use for new trades. Does not include SOL reserved for open limit orders. *** ## B **Bonding Curve** A pricing mechanism used by platforms like Pump.fun where the price of a token increases as more people buy it. When a token reaches 100% of its bonding curve, it migrates to a decentralized exchange (like Raydium) where open-market trading begins. **Bribe / Tip** An optional extra payment included in a Solana transaction to incentivize block builders (like Jito) to prioritize and include your transaction. Higher bribes improve success rates during congestion and help prevent MEV attacks. **Bundlers %** The percentage of a token's supply held across coordinated bundle wallets. High bundler % can indicate artificial concentration or coordinated pump-and-dump activity. Visible in the Token Information panel on the token page. *** ## D **DEX (Decentralized Exchange)** A trading venue that operates via smart contracts without a central authority. Shotgun routes trades through Solana DEXes like Raydium. **Dev Holding %** The percentage of a token's total supply held by the developer's wallet. High dev holdings are a risk indicator - developers can sell large amounts at any time. **Dex Paid** Indicates whether the token developer has paid for a DEX listing. Visible in the Token Information panel. A paid listing can signal some level of project commitment. *** ## F **Freeze Authority** A permission built into some Solana token contracts that allows the creator to freeze all trading on the token. If a token has an active freeze authority, the developer can prevent anyone from buying or selling. *** ## G **Graduating** Tokens that are close to completing their bonding curve and migrating to a DEX. Visible in the Trenches board as the middle column. These tokens have proven demand and migration often triggers a sharp price move. **Graduated** Tokens that have successfully completed their bonding curve and migrated to a DEX for open-market trading. Visible in the Trenches board as the right column. *** ## I **Insiders %** The percentage of a token's supply held by insider wallets - typically early or private participants. High insider % can indicate a setup for a coordinated dump. Visible in the Token Information panel. *** ## L **Liquidity** The total value of tokens and SOL locked in a token's trading pool. Higher liquidity means less price impact per trade (lower slippage) and greater price stability. **Liquidity Lock** When a project locks its liquidity pool for a set period, preventing the developers from withdrawing it (a "rug pull"). Shown with a 🔒 icon on token pages. **LP Burned** Liquidity Pool tokens that have been permanently burned, meaning the liquidity can never be removed by the developer. Burned LP is a positive signal - it eliminates rug pull risk on the liquidity side. Visible in the Token Information panel. *** ## M **Market Cap** The current total value of a token's circulating supply. Formula: Current Price × Circulating Supply. **MEV (Maximal Extractable Value)** A technique where bots monitor the Solana mempool and detect your incoming buy transaction before it's confirmed. They buy the token right before you, driving the price up, then sell immediately after - forcing you into an instant loss. Also called a "sandwich attack." Shotgun's MEV Protection routes transactions through protected channels to prevent this. **Migration** The process where a token that reaches 100% of its bonding curve is automatically moved to a DEX like Raydium, where open-market trading begins. **Mint Authority** A permission built into some Solana token contracts that allows the creator to mint additional tokens at any time. If not revoked, the developer can inflate the supply and dilute existing holders. *** ## P **PnL (Profit and Loss)** Your gain or loss from a trade or position, expressed in SOL/USD or as a percentage. * **Unrealized PnL** - current gain/loss on a position you still hold (not yet sold) * **Realized PnL** - locked-in gain/loss from a position you have fully closed **Position-Based Order** A limit order type that calculates the sell quantity as a percentage of your current holdings at the time of execution - automatically adjusting if you add to or partially exit the position before the trigger fires. **Priority Fee** An additional fee paid to Solana validators to prioritize your transaction during network congestion. Higher priority fees increase the chance of fast confirmation but cost more SOL. *** ## R **Rug Pull** A type of crypto scam where token developers withdraw liquidity and/or abandon the project, leaving all holders with worthless tokens. High developer holdings and unlocked liquidity are warning signs. *** ## S **Slippage** The difference between the expected price of a trade when you submit it and the actual price when it executes. Higher slippage tolerance allows your trade to complete even if the price moves during confirmation - but you may get a worse fill. **Snipers %** The percentage of a token's early supply acquired by sniper bots at launch. High sniper % means early buyers may dump quickly for profit. Visible in the Token Information panel. *** ## T **Top 10 Holders %** The percentage of a token's total supply held by the top 10 wallet addresses. Lower values indicate a more decentralized distribution. High concentration in few wallets = higher dump risk. **Trailing Stop Loss** An advanced limit sell order where the stop price automatically rises as the market price increases, then locks when the price starts to fall. Lets you capture upside while protecting against a reversal. **Trader** The wallet address that initiated a trade. Visible in the Pool Trades feed on any token page. Clicking a trader address lets you add it to your Wallet Tracker. **Trenches** Shotgun's real-time launchpad monitoring tool. Displays three columns simultaneously: **New Pairs** (just launched), **Graduating** (near migration), and **Graduated** (migrated to DEX). Supports per-column filters and direct quick buy from the board. **Turnkey** The authentication and wallet infrastructure provider used by Shotgun. Turnkey handles wallet creation and key encryption for email/Google login users. Private keys are encrypted with your password and are never accessible to Turnkey or Shotgun. *** ## U **Unrealized PnL** See *PnL (Profit and Loss)*. *** ## V **Vesting** A schedule that releases tokens to recipients (often developers or team members) over time, rather than all at once. Vesting contracts are flagged in the Holders section. Large vesting amounts = potential future sell pressure when tokens unlock. **Volume Insights** A panel on the token page showing price performance and trading volume broken down across four timeframes: 5m, 1h, 4h, and 24h. Includes total volume, number of buys/sells, and net volume direction. *** ## W **Win Rate** The percentage of your closed trades that were profitable. Visible in the analytics section of your Portfolio. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.shotgun.fun/additional-info/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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