Glossary

Memecoin launch glossary

The terms behind a token launch, defined plainly: how a launch is funded, how it lands, and how it exits.

Block-0 launch: A Block-0 launch sends a token's creation and the creator's buys from several wallets out together at launch, so the creator's share of the supply is bought before snipers can react. On Ballistic it is a launch mode you set up and fund before the launch starts, offered on several launchpads.
Reserve mode: Reserve mode buys a new token's supply at launch and then holds part of it in a one-sided liquidity position priced above the market, instead of in wallets. The position sells only as buyers push the price into it, and the creator can also sell from it. Ballistic offers it as a launch mode next to Block-0.
Funding stage: The funding stage is the step before a launch where every wallet the launch will use gets its funds. On Ballistic the creator funds once, against one figure, and the platform funds each launch wallet. Nothing is funded at launch time, so the launch itself only creates the token and buys.
Aggregated sell: An aggregated sell sells a token from many wallets in one action instead of one wallet at a time. A launch that holds its supply across several wallets can then exit in one step. On Ballistic it is one button on the token page of a launch, covering every wallet that launch used.
Bonding curve: A bonding curve is a pricing formula that sets a token’s price from how much of its supply has been bought: each buy raises the price, each sell lowers it. Launchpads such as pump.fun sell a new token on a curve until it fills, then move its liquidity to a decentralised exchange.
Sniper: A sniper is a bot that buys a new token in the first moments after it is created, often in the same block, to get in at the lowest price on the bonding curve. Snipers then sell into later buyers, which can include the token’s own creator if the creator buys late.
Bundle: A bundle is a group of transactions sent together so they execute in a fixed order, all of them or none. In a memecoin launch, bundling means sending the token’s creation and the creator’s buys from several wallets as one unit, so nobody else can trade between them.
Jito bundle: A Jito bundle is a short list of Solana transactions, sent with a tip, that validators running the Jito client execute together, in the order given, or not at all. Launch tools use Jito bundles to put a token’s creation and the creator’s buys into the same block, with nothing in between.
EIP-7702: EIP-7702 is an EVM standard that lets an ordinary wallet run smart-account code for its transactions by delegating to a contract. For a token launch it means one wallet can send one transaction that makes several calls in a row, such as creating a token and then executing several buys.
Migration (graduation): Migration, also called graduation, is when a launchpad moves a token off its bonding curve and into an exchange pool, usually once a set amount has been bought into the curve. Before it, trades go through the curve; after it, through the pool. The pool is PumpSwap on pump.fun, Uniswap V4 on Pons and a PancakeSwap pool on flap.sh.
Liquidity pool (LP): A liquidity pool is a pair of token balances held by an exchange contract that anyone can trade against; the ratio between them sets the price. Liquidity providers deposit into it and earn fees. A one-sided position deposits only one of the two tokens, in a price range away from the current price.
Fresh wallet: A fresh wallet is a new wallet with no history, made for one purpose such as a single token launch. Launch tools use fresh wallets for the creator’s buys so each launch starts clean, and so the creator’s and team’s positions are not tied to their older wallets on chain.
Dev wallet: The dev wallet is the wallet that creates a token, the developer’s wallet. Launchpads show it on the token page, and its first purchase is called the dev buy. Traders watch the dev wallet closely: how much it holds and when it sells are among the first things buyers check on a new token.
Bubblemaps: Bubblemaps is a holder-map tool: it draws a token’s largest holders as bubbles sized by their balance and links wallets that have sent funds to each other. Linked groups show up as clusters, which traders read as wallets that may be controlled by the same person or team.