The Paper Degen guide

Getting started

1. Hit Open terminal on the homepage.
2. Pick Continue as guest or sign up with email.
3. You land in Degen Radar with 10 SOL. Click any coin to open its chart, or use quick buy right from the list.

Guest vs account

A guest account is created instantly with no email. It's tied to this browser, so clearing site data loses it.

To keep your progress, open the account menu and choose Save progress. Add an email and password, confirm the email, and your guest balance, positions and history move over.

Balance and resets

• Every account starts with 10 SOL.
• When your cash drops below 0.01 SOL, a reset button shows up.
• Resetting puts you back to 10 SOL and closes all positions.
• After a reset you have to wait 1 hour before the next one. A countdown shows how long is left.

Degen Radar

The terminal has three live columns:

• New Pairs: pump.fun coins that just launched and are under 35% of their bonding curve. New ones slide in at the top in real time.
• Final Stretch: coins still on the curve but past 35%, sorted by market cap. These are the ones close to graduating.
• Migrated: coins that completed the curve and moved to PumpSwap.

Each card shows age, market cap (MC), 24h volume (V), transaction count with a buy/sell bar, curve progress, 5 minute change and socials. The ring around the image fills up as the curve fills.

Filters

Every column has its own search box and filter button. Filters are saved to your account, so they're still there next time.

• Market cap min and max in $K, plus quick presets.
• Age min and max in minutes.
• Volume and transaction minimums.
• Curve progress range in percent.
• Has socials to hide coins with no Twitter, Telegram or website.

Trading and fills

On a coin page the right side has the trade panel. Instant Trade is the preset row: buy 0.1, 0.5, 1 or 5 SOL, or sell 10%, 25%, 50% or 100% in one tap. Manual Trade is the field and big button below, where you type any amount or drag the slider.

When you place an order, our server looks up the live price itself, straight from the blockchain. Your fill always matches the real market price at that moment, even if your screen is a tick behind.

Every fill pays a 1% fee and 0.5% slippage against you, so results feel close to the real thing.

Charts and views

Every coin page has a live chart fed by real on-chain trades. Prices update about four times a second, and your buys and sells show up as dots exactly where they filled.

• Zoom with the scroll wheel, drag to pan. The chart remembers where you put it.
• Average entry lines show your cost basis for each round of buys.
• Older history loads automatically as you scroll left, back to the coin's launch.

Bonding curve basics

pump.fun coins start on a bonding curve. Price comes from a constant product formula with 30 virtual SOL and 1.073B virtual tokens. Buying pushes the price up, selling pulls it down.

Once about 85 SOL of real buys land on the curve, the coin graduates (around $70K to $90K market cap depending on SOL price) and liquidity moves to PumpSwap. That's the migration.

Total supply is always 1 billion tokens, so market cap is just price times 1B.

Leaderboard

The leaderboard ranks every trader by equity: the SOL they have available to trade right now. Open positions aren't counted, so cashing out is what moves you up.

Every profile is public. Click any name to see their balance, positions, trade history and stats.

Get Funded

Prove you can trade and we'll send you real SOL. Grow your paper account from 10 to 50 SOL with a solid track record and you can request a flat 0.5 SOL payout to your own wallet.

Requests are checked on the server against your real trade history, so there's no faking the stats. Add your payout wallet in settings before you request.

Data sources

All feeds are free and public. Prices on coin pages come straight from Solana, so they match what real traders see. If an indexer is rate limited, that column shows a retry button instead of fake data.

Glossary

MC

Market cap. Price times total supply.

V

Trading volume in USD over 24h.

TX

Number of buys plus sells.

Curve

How full the bonding curve is.

Migration

Moving from the curve to a real pool.

Trenches

The firehose of brand new launches.

Equity

The SOL you have available to trade.

Ape

Buying fast, thinking later.