Pre-sale
A token sale offered to early investors (often VCs and insiders) before a public launch, usually at a discount. Pre-sales can fund development but create early selling pressure when those discounted tokens unlock.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Consensus Mechanism
The method by which a blockchain network agrees on the current state of the ledger. Common mechanisms include Proof of Work and Proof of Stake.
Capitulation
A moment when investors give up hope and sell en masse, usually near the bottom of a market decline. Capitulation is characterized by panic, high volume, and sharp price drops, and is often seen as a potential sign of a bottom forming.
Block Explorer
A web-based tool that allows anyone to search and browse all transactions, wallet addresses, and blocks on a blockchain. Tools like Etherscan and Mempool.space are popular block explorers.
Paper Trading
Simulated trading using virtual money to practice strategies without risking real funds. Paper trading is a useful way for beginners to learn how markets work and test trading ideas before committing actual capital.
ATH
All-Time High. The highest price ever reached by a cryptocurrency or asset.