# Trenches

Trenches is your real-time window into the earliest stages of token life cycles. It monitors launchpad tokens without requiring you to leave Shotgun - giving you faster access to new launches, tokens approaching migration, and freshly migrated tokens, all-in-one place.

{% hint style="info" %}
You can **Quick Buy** any token directly from the Trenches tables by clicking the ⚡ lightning bolt icon next to the token - no need to open the full token page first.
{% endhint %}

<figure><img src="/files/iE8PR2xaSUq2QBYgCyrX" alt=""><figcaption><p>Newly Created Tokens</p></figcaption></figure>

***

## The Three Stages

{% tabs %}
{% tab title="New Pairs" %}
**New Pairs** shows every token created on pump.fun in real time - catching opportunities before anyone else.

Use this tab to:

* Spot freshly launched tokens at the earliest possible moment
* Assess early metrics (holders, volume, dev holdings) before a crowd forms
* Quick Buy directly from the table with the ⚡ icon

<figure><img src="/files/A8WdqRvPNPujry0aRkn1" alt=""><figcaption><p>Newly Created Tokens</p></figcaption></figure>
{% endtab %}

{% tab title="Graduating" %}
**Graduating** shows tokens that are close to completing their bonding curve and migrating. These tokens have real momentum - getting in here means you can catch the pump before migration is announced publicly.

<figure><img src="/files/ka81RoudladigRhprdT5" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
Tokens in Graduating have already proven some demand. Migration often triggers a sharp price move as liquidity deepens.
{% endhint %}
{% endtab %}

{% tab title="Graduated" %}
**Graduated** shows tokens that have successfully completed their bonding curve - sorted with the most recent migrations at the top.

Use this tab to:

* Catch the early minutes of listed tokens
* Identify which tokens survived migration (many don't reach 100% bonding)
* Pair with [Instant Trade](/shotgun/swap/instant-trade.md) to automate your entry at the exact moment of migration

<figure><img src="/files/mwiHklezduiUQDtmD0Xy" alt=""><figcaption></figcaption></figure>
{% endtab %}
{% endtabs %}

***

## Filters

Use Trenches filters to cut through noise and focus only on tokens that meet your criteria. Click the filter icon to open the filter panel.

| Filter               | Description                                                                                          |
| -------------------- | ---------------------------------------------------------------------------------------------------- |
| **Age (mins)**       | Filter tokens based on how many minutes since launch. Useful for focusing on the very newest tokens. |
| **Top 10 Holders %** | Range for the % of supply held by the top 10 wallets. Lower values = more decentralized.             |
| **Dev Holding %**    | % of supply held by the developer wallet. High dev holdings = higher rug pull risk.                  |
| **Snipers %**        | % of supply held by early sniper bots. High sniper % can indicate bot-dominated early buys.          |
| **Insiders %**       | % held by insiders (private sale, team). Useful for spotting potential pump-and-dump setups.         |
| **Bundle %**         | % of supply held in bundle wallets. Helps assess token distribution concentration.                   |
| **Holders**          | Total number of unique wallet holders. More holders generally indicates broader adoption.            |
| **Pro Traders**      | % of experienced traders (identified by onchain activity) holding or trading the token.              |
| **Liquidity ($)**    | Min/max liquidity in the token's pool. Higher liquidity = better price stability and lower slippage. |
| **Volume ($)**       | Total trading volume within the current window. Helps identify active tokens.                        |
| **Market Cap ($)**   | Min/max market cap filter. Target the size of opportunity you're looking for.                        |
| **Txns**             | Number of total transactions. High txn count = active trading.                                       |
| **Num Buys**         | Number of buy transactions specifically. Indicates buying pressure.                                  |
| **Num Sells**        | Number of sell transactions specifically. Indicates selling pressure.                                |

***

## Risk Signals to Watch

When evaluating tokens in Trenches, pay attention to these warning signs:

* **High Dev Holding %** - developers holding a large % can dump at any time
* **High Sniper %** - if bots sniped heavily at launch, early holders may dump quickly
* **High Bundle %** - coordinated wallets can create artificial pump-and-dump patterns
* **Low Holders with high volume** - wash trading by a small group of wallets

{% hint style="danger" %}
Trenches shows early-stage tokens with high risk profiles. Always use filters and assess the risk signals above before buying. Many tokens in these tables will go to zero.
{% endhint %}


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