Glossary
4 min read✓
Plain-English meanings for the words and abbreviations you'll see around the site.
2hour.fun opens soon. These guides explain how everything works once we're open.
The words and short forms you'll see around 2hour.fun, in plain English. Listed A to Z.
- All trades (P&L)
- Your result from everything you've bought and sold on a coin.
- ATH (all-time high)
- The highest price or market cap a coin has ever reached.
- Bonding curve
- The formula that sets a new coin's price before it graduates: the more that has been bought, the higher the price. See How a coin's price works.
- Call / shill
- A post on a coin you hold, saying you like it. Calls are scored on the Callers board. See Notes, calls & shills.
- DEX
- A decentralised exchange - an app where people trade from their own wallets, such as Uniswap or Raydium.
- Dev
- The person (and wallet) that created a coin.
- Dev buy
- A buy the creator makes in the same transaction as the launch, so nobody can buy before them. Capped at 50% of the supply on 2hour.fun.
- Fumble
- Selling a coin that then went on to at least double. Fumbles have their own leaderboard.
- Gas / network fee
- A small fee paid to the blockchain for processing a transaction.
- Graduation
- When a coin's bonding curve fills up and its trading moves to a pool on a DEX, with the liquidity locked.
- Holder
- Any wallet that holds some of a coin.
- Insider
- A wallet close to the creator: their linked wallets, wallets they sent the coin to, or very early buyers. See Safety badges.
- Launch window
- The 2 hours each day when new coins can be created.
- Liquidity
- The funds in a pool that let people buy and sell. Locked liquidity can never be withdrawn.
- MC (market cap)
- A coin's price multiplied by its total supply - a quick way to compare coins of different prices.
- Open P&L
- What you hold of a coin now, at today's price, minus what it cost you.
- Pair
- What a coin trades against: ETH, SOL, a stock token or a stablecoin.
- P&L (profit and loss)
- How much a position is up or down. Realised P&L comes from what you've sold; unrealised is what you still hold, valued at today's price.
- Pool
- A shared pot of a coin and its pair on a DEX that trades happen against.
- Private key / seed phrase
- The master password to a wallet. Never share it.
- Round trip
- Being well up on a coin, holding through the peak, then giving most of it back.
- Rug (rug pull)
- When insiders sell or remove funds suddenly, leaving other holders with a coin worth far less.
- Slippage
- How far the price may move between pressing the button and the trade going through. If it moves further, the trade is cancelled.
- Sniper
- A wallet that buys within the first 10 seconds after a coin launches.
- Stablecoin
- A coin designed to stay at $1, such as USDC or USDG.
- Stock token
- A token on Robinhood Chain or Solana that tracks the price of a company's share.
- Supply
- How many of a coin exist in total. Coins on 2hour.fun have a fixed supply.
- Ticker
- A coin's short symbol, like $DOG.
- Trade fee
- The 1% fee on every trade, shared between 2hour.fun and the coin's creator.
- Whale
- A holder with a large share of a coin - 2% or more of the supply in the holder tags.
- XP
- What you earn from trading, badges and challenges; it raises your level. Trades made on 2hour.fun earn double trading XP. See Badges, levels & Prestige.
Launching? The launch fee is about $500, priced live in ETH or SOL - see Launching a coin.
Key points
- MC = price × supply - handy for comparing coins.
- Slippage is the price movement you allow before a trade is cancelled.
- Graduation moves a coin from its curve to a locked pool.
- Never share a private key or seed phrase.
Educational only - not financial advice. Crypto is risky; only use what you can afford to lose.