Glossary
Base currency
Currency being traded in a market pair (e.g., in PEPE/WETH, PEPE is the base currency).
Insider
Wallet that traded the token in block 0 (bundle) or received it from another insider.
Liquidity
Total value of base and quote currencies available for trading in a market.
Slippage
Difference between the expected price of a trade and the price at which the trade is executed. Execution price might be higher or lower due to factors like low liquidity or token taxes.
Quote currency
Currency used to trade for the base currency (e.g., in PEPE/WETH, WETH is the quote currency).
Token Tax
% of each trade charged as fee by the token developer.
Tip
SOL paid directly to block builders to prioritize transaction inclusion, often signaling organic (non-botted) volume.
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