Trading and pricing
Every token trades against WETH in its own locked pool. Its ETH price comes from the pool's current tick. The interface shows estimated USD prices, valuations and volumes using a current ETH/USD rate; chart candles use that same current rate. The chart and headline both show the price per token in plain decimal notation. If the rate is unavailable, the interface shows a dash rather than inventing a dollar price. Quotes, wallet balances, payments and payouts remain in ETH/WETH.
Because launch liquidity is a single-sided range order, buying moves the price up along a predetermined curve rather than along a constant-product invariant. Early buyers get more tokens per ETH; each subsequent buy pays more per token than the last. Selling walks the same curve back down.
Terms
| Term | Meaning |
|---|---|
| Price | The estimated USD price of one token. Small prices use decimal notation; valuations use K/M/B when helpful. |
| Market cap | Price × circulating supply (supply held outside the pool). |
| FDV | Price × current total supply, which decreases as V2 tokens burn. |
| Price impact | The curve movement caused by the size of your trade. |
| Slippage | The maximum execution movement your transaction accepts. |
| Liquidity | The tokens remaining in the range order, and the WETH already paired. |
| Graduation | The point where buys have consumed the entire range. Cosmetic — see How launches work. |
What a trade actually does
A buy sends WETH to the pool and receives tokens out of the range order, with the V2 pool fee already included. V1 tokens retain their original buy tax. The pool's selected 1–4% fee on the WETH input accrues to the locked position.
A sell sends tokens back into the pool and receives WETH from the paired balance. V2 sells also pay the selected 1–4% pool fee, in tokens; those accrued fees burn at collection. The V2 token itself takes no transfer tax.
The amount you actually receive can differ from the quote if the price moves before your transaction lands. The interface applies your slippage setting as the bound; beyond it, the transaction reverts instead of executing at a worse price.
Holders and percentages
The holders panel lists percentages of total supply, with the locked pool shown as the first row, so the numbers always add up to 100%. The share of the tradable float (supply minus what the pool still holds) is available per row as a tooltip.