Glossary
Vesting
Also written or said as:vesting schedule, unlock, unlocks, token unlock, locked tokens, cliff
A schedule that releases locked tokens to their owners bit by bit, so they cannot all be sold at once.
Teams and early backers often get tokens that unlock over months or years. The TRUMP coin is a well-known example: 80% of its supply sat with two companies on a three-year schedule, and the first big unlock, about 40 million tokens, came in April 2025. Unlock dates are public, so mark them, because each one adds tokens that someone is now free to sell. Most pump.fun coins have no vesting at all: nobody's tokens are locked, so every holder can sell from the first minute.
This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.