> ## Documentation Index
> Fetch the complete documentation index at: https://docs.shotgun.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# 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.

<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.
</Info>

<Frame caption="Newly Created Tokens">
  <img src="https://mintcdn.com/shotgun/j0cGklfibJAmmhG-/images/Image1%20(10).png?fit=max&auto=format&n=j0cGklfibJAmmhG-&q=85&s=cd4a2d29cb3c20702ef2f5f32f56dc84" alt="" width="1551" height="1304" data-path="images/Image1 (10).png" />
</Frame>

***

## 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

    <img src="https://mintcdn.com/shotgun/j0cGklfibJAmmhG-/images/Image2%20(4).png?fit=max&auto=format&n=j0cGklfibJAmmhG-&q=85&s=c2c19bdb427744f4d8e81409df03042d" alt="" width="497" height="1095" data-path="images/Image2 (4).png" />
  </Tab>

  <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.

    <Frame>
      <img src="https://mintcdn.com/shotgun/j0cGklfibJAmmhG-/images/Image3%20(2).png?fit=max&auto=format&n=j0cGklfibJAmmhG-&q=85&s=4a12d867111071c8e12460a7f05d1b96" alt="" width="492" height="1105" data-path="images/Image3 (2).png" />
    </Frame>

    <Info>
      Tokens in Graduating have already proven some demand. Migration often triggers a sharp price move as liquidity deepens.
    </Info>
  </Tab>

  <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) to automate your entry at the exact moment of migration

    <Frame>
      <img src="https://mintcdn.com/shotgun/j0cGklfibJAmmhG-/images/Image4%20(1).png?fit=max&auto=format&n=j0cGklfibJAmmhG-&q=85&s=901aa0653d9b25b5197de4d4fa8608b3" alt="" width="497" height="1101" data-path="images/Image4 (1).png" />
    </Frame>
  </Tab>
</Tabs>

***

## 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

<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.
</Danger>