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  1. Docs
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  3. Terminal / Trenches and Top PnL

Trenches and Top PnL

Last updated · October 14, 2026

Trenches is where you find new tokens the moment they exist. Three live columns show tokens at three stages of their life. Top PnL, right below, shows what happened to the traders who sold them.

What Trenches shows

  • New: tokens that just launched.
  • Soon: tokens that are close to finishing their launch curve. By default a token shows up here once it is reported at 80% or more of its bonding curve, and you can change that value.
  • Migrated: tokens that finished their launch curve and graduated to an open market.

Each card shows the token picture, its age, its 24 hour volume, its holders and its market cap. A Low liquidity flag means few funds are available, so your trade can move the price a lot.

Trenches can be read without an account. To buy, you sign in with Google or an e-mail code. Open Trenches in the terminal.

Find a token and buy it

  1. Pick the column that fits you: New for the freshest tokens, Soon for tokens near the end of their curve, Migrated for those that graduated.
  2. Type a name or a ticker in the search box at the top of a column to filter it. Each column can also be filtered and sorted.
  3. Read the card: age, volume, holders and market cap. Click the token to open its coin page and read its risk signals before you buy.
  4. Press the lightning button on the card to buy in one click. It spends the quick buy amount of that column, with the preset of that column.
  5. Nothing is bought until you press the button.
Note: ◎

A new token has no history. Read its Token Info on the coin page before you buy.

See The coin page for the chart and Token Info, and Stay safe on TMC for what the colors mean.

Make the board yours

  • Quick buy amount: each column has its own, the SOL the lightning button spends on one click.
  • Column preset: each column can follow your active preset or always buy with one preset of its own, Time Attack included.
  • Soon starts at: click the value to move the threshold, and Reset puts it back.
  • Sounds: pick a beep for each column when a new token shows up, or mute the column.
  • Customize: row density (Compact, Comfort or Spacious), the fields of each card, the launch progress as a ring or a bar, and the size of the lightning button.
  • Hidden: a token you took off the board comes back from Hidden.

All of it lives in the Trenches settings. Open the Trenches settings.

Hot on TMC

The card at the top of the page shows a coin on TMC right now. Its market cap moves live. Click the coin to open its page, or the lightning button to buy it in one click.

Top PnL

PnL means profit and loss. Top PnL is the second section of the page, next to Trenches in the tabs at the top. Click a tab to jump to its section, or press T or H.

  • Made profit: the coins that made TMC traders the most SOL.
  • Took losses: the coins that cost TMC traders the most SOL.
  • For each coin, we add what traders got when they sold, minus what they paid. The big number is the total, in SOL.
  • The bar shows how many traders won (green) and how many lost (red) on that coin.
  • A coin shows up once 5 TMC traders have sold it. Only trades made on TMC count, and only coins that were sold.
Note: ◎

Top PnL is what happened, not what will happen. Most traders lose money on memecoins.

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What Trenches showsFind a token and buy itMake the board yoursHot on TMCTop PnL