How Print Arena works

Prices come from the real market. Every fill is priced against the coin’s real on-chain liquidity at the moment it executes, with the fees, price impact and delay a real trade would face. Profits here are what the same trades would have made on-chain, and losses are what they would have cost.

How it works, start to finish

1. Sign in with a Solana wallet. You sign a message, never a transaction.
2. Link your X account and enter a tournament. Everyone in it starts with the same paper bankroll (10 SOL unless the tournament says otherwise).
3. Trade coins between $3.5K and $1M market cap while the tournament is live.
4. Sell before the close. You’re ranked on realized PnL, and anything you still hold at the close counts as zero.
5. After the close and a review, the top eligible traders are paid in SOL, within 24 hours of the review closing. Every payment is published with its on-chain transaction.

Figures on this page are the platform’s current defaults. Each tournament’s card shows the exact rules it runs under: its prize pool and split, length, bankroll and minimums.

A refill only tops your SOL back up. With 6 SOL in cash and some coins, a refill adds 4 SOL and your coins stay where they are. You can’t refill while your cash is already at 10 SOL, and a refill also revives a practice bankroll that has run out. Practice PnL counts what you were refilled: it’s what your account would be worth if you sold everything now, minus the starting 10 SOL and minus every refill.

Practice skips the prize checks (such as the block on coins you’ve traded on-chain), because nothing in Practice can win. Everything else is the same: the same coins, fees, delay and on-chain prices. The selected mode is filled in its colour on the switch: acid for Tournament, blue for Practice.

Sign in with your wallet

• Use any Solana wallet that supports wallet sign-in through the Wallet Standard, such as Phantom, Solflare or Backpack.
• You sign a message, never a transaction. The message says it only proves you own the wallet; it sends nothing and costs no fees.
• Print Arena never asks for your recovery phrase or private key and never asks you to approve a transaction. Anything that does isn’t Print Arena.

Link your X account

• Entering a tournament needs a verified X account, linked with Sign in with X. It keeps one person to one entry.
• The X account must be at least 90 days old when you enter, going by the account’s creation date on X.
• One X account links to one wallet at a time, and one X account can enter each tournament once, whichever wallet it’s linked to.
• Print Arena reads your X profile once to check the account and its age. It can’t post for you and doesn’t keep the access token. Your @handle appears next to your results on the standings and the payout log.
• You can change or disconnect your X account from the wallet menu. Entries you’ve already made keep the X account they were made with.
• Practice never needs an X account.

Enter a tournament

• Press Enter tournament on the Tournaments page, in the band under the header, or in the order panel.
• You can enter as soon as a tournament is announced, before it starts. Your bankroll is ready straight away and trading opens at the start time.
• Entry stays open until the close. If you join after the start you get the full bankroll but less time, and you can still win if you pass every prize check.
• One bankroll per tournament: no rebuys, top-ups or resets.
• There’s no entry fee and nothing to deposit.

Your display name

Anyone signed in can set a name for the standings: 3–20 characters (letters, numbers, spaces and _ . -, starting with a letter or number). You can change it once every 1 day; clearing it is always allowed. Names must be unique, and names that pose as the platform or look like a wallet address aren’t allowed. On tournament rows your verified @handle stays next to the name, so nobody can pass as someone else.

• One tournament runs at a time. They can run back to back but never overlap.
• Each card shows the status and a countdown, the prize pool and every place’s prize, the length, the paper bankroll, the number of entrants, the minimum trades and tokens to win, and the market-cap range.
• Some tournaments repeat daily or weekly at the same time. Each occurrence is a separate tournament with its own entry, standings and prizes.
• Before it starts, a tournament can be edited or cancelled; a cancelled card shows the reason. Once it’s live it can only be voided, with a public reason, and a voided tournament pays nothing.
• Each tournament keeps the rules it was set up with. Changes to the platform’s defaults only apply to tournaments set up afterwards.
• Times on the site are Pacific time (PT).

What the statuses mean

Upcoming

Announced. You can enter now; trading opens at the start.

Live

Trading is open. Standings update as trades fill, and prize places are provisional.

Closing

Trading has ended. Orders still in flight are rejected and the final standings are being computed.

In review

The final standings are in. Prizes are checked during the review window, which lasts at least 3 hours after the close, before any payment. Prize places can still change.

Final

The payout review has closed: the results and prize places are settled. Final doesn’t mean paid; payment is shown next to it. Prizes are sent within 24 hours of this point.

Prizes being paid, partly paid, paid

Payment status, shown apart from the result: none, some or all of the prizes are confirmed on-chain.

Cancelled

Called off before it started. The reason is on the card.

Voided

Stopped after it started. Nothing is marked or paid, and the reason is public.

The market-cap range

You can buy a coin only while its market cap is at least $3,500 and below $1,000,000 (the Trenches range). The check uses the market cap at the moment your buy fills, in US dollars: the coin’s price times its supply, at a live SOL/USD price.

• The lower edge is included and the upper edge isn’t: a coin at exactly $3,500 can be bought, one at exactly $1,000,000 can’t.
• Selling is always allowed, whatever the market cap. A coin that runs far past the top of the range after you bought it can still be sold.
• Adding to a position follows the buy rule: only while the coin is inside the range.
• Coins outside the range stay visible, marked Out of range.

Coins that can’t be bought

• Coins with a mint authority or a freeze authority.
• Token-2022 coins with features a simulation can’t honour: transfer hooks, permanent delegates, non-transferable or pausable tokens, accounts frozen by default, and any extension not reviewed yet. Transfer fees are fine: they’re charged exactly, on both sides of a trade.
• Coins paired with anything other than SOL.
• pump.fun mayhem-mode coins.
• Coins trading in a pool other than their own PumpSwap pool.
• Coins from launchpads other than pump.fun.
• Coins the team has hidden for moderation.
• In Tournament mode, coins your own wallet created, or traded on-chain earlier in the tournament (see on-chain activity).

You can always sell a coin you already hold, even if it can no longer be bought.

The buy limit

Your position in a coin can’t be bigger than its market could really take. After a buy, your whole position may use at most 10% of the SOL actually sitting in the coin’s pool.

Exactly: the SOL this buy would put into the pool, plus the SOL that selling everything you already hold in that coin would take out, must not exceed 10% of the pool’s real SOL just before the fill. Only real SOL counts (the bonding curve’s virtual reserves don’t), and fees aren’t included. Pools near the bottom of the range are small, so the limit there is small too; quick-buy buttons show the largest buy a pool can take when it’s below your amount.

Why: your paper buys don’t move the real pool. Without a limit you could buy a position far bigger than the pool and sell it back at the untouched price, which no real trader could do.

When an order is refused

Out of range

Buys only: the market cap at fill is outside the range.

Over the buy limit

Buys only: the position would use more than 10% of the pool’s real SOL.

Too early

Buys only: no fills in the first 2 slots after a coin launches, because real traders can’t get those fills either. If Print Arena can’t tell when the coin launched, buys wait.

Price unavailable

The order needs a fresh price: an on-chain read at fill time, or live data confirmed fresh within the last 3 seconds. Buys also need a SOL/USD price from the last 30 seconds. An order is never filled at an old price.

Migrating

While a coin moves from the bonding curve to PumpSwap, orders are refused. Trading resumes on the new pool.

Slippage

The fill was worse than your tolerance allows (see slippage).

Not enough SOL

A buy needs its amount plus the 0.001 SOL priority fee in cash.

Trading paused

If live market data stops for 10 seconds, trading pauses for everyone and resumes automatically.

Not open

Tournament orders are accepted only between the start and the close; an order still in flight at the close is rejected.

Liquidity and holders at entry

These don’t stop a buy, but they matter for prizes. A tournament buy counts fully only if the pool held at least 15 SOL of real liquidity and the coin had at least 40 holders when it filled. Gains on a buy below either floor don’t count toward prizes; losses still do. See prize PnL.

What happens when you click Buy or Sell

1. The server notes the time and quotes your order from its own live data. That quote is the reference for your slippage check. The price on your screen is an estimate and is never used for the fill.
2. It waits 500 ms, standing in for the time a real transaction takes to land.
3. It reads the coin’s reserves on-chain. If that read doesn’t come back within 250 ms, it uses its live market data instead, but only if that data is confirmed fresh, and the trade is marked for review.
4. It runs the venue’s exact math against those reserves: the pump.fun bonding curve or the PumpSwap pool, with price impact and the venue’s fees.
5. If the result is worse than your slippage tolerance allows, the order is rejected, as a real transaction would fail. Otherwise it fills and your balance updates.

Price impact

Buys and sells both move along the curve or pool, so bigger orders get worse prices on the way in and on the way out. If a coin’s liquidity is pulled (a rug), a sell returns only what the remaining reserves allow, which can be close to nothing.

Fees

The venue fee table was last checked against the live fee accounts on 2026-10-04, and the team is alerted if the fees seen on-chain ever differ from it.

A 1 SOL buy, step by step

• You commit 1 SOL.
• The 1% platform fee, 0.01 SOL, comes out of it.
• The remaining 0.99 SOL goes through the venue’s math, which takes its fee and gives you tokens at the post-impact price.
• The 0.001 SOL priority fee is charged on top, so 1.001 SOL leaves your cash.

On a sell, the venue pays out SOL after its own fee; then the platform fee and the priority fee come off. Because the priority fee is fixed, small trades pay proportionally more.

Slippage tolerance

You set it per order: 20% by default, up to 50%. It’s measured against the server’s own quote from when it received your order, not the price on your screen. A fill outside it is rejected, like a failed transaction.

Rounding

Every rounding goes against you, as on-chain integer math does: fees round up, and what you receive rounds down.

Order types

Market orders only. Buy presets are 0.5, 1, 2 and 5 SOL, or type an amount; sell presets are 25%, 50% and 100% of your position, or type an amount. There are no limit, take-profit or stop-loss orders.

If your bankroll runs out

When your cash plus what your coins would sell for can’t cover one more 0.001 SOL priority fee, your bankroll is closed for that tournament. You can still watch the standings. In Practice, a refill brings it back.

Realized PnL

Realized PnL = your cash − your starting bankroll. Your cash already reflects every buy you’ve paid for and every sale you’ve collected, fees included. So a position you haven’t sold holds your realized PnL down by its full cost until you sell it. Selling turns it back into cash, and only then does it count.

Fees are left out to keep the example simple. Had you sold coin B before the close, what it sold for would have counted.

Three PnL figures you’ll see

Realized PnL

Cash minus your starting bankroll; unsold coins count as zero. This is the figure tournaments rank on.

Realized on closed trades

The profit or loss on what you’ve sold, against what it cost. It leaves out the coins you still hold, so it can be higher than your realized PnL: the gap is the cost of your open positions.

PnL if sold now

What you’d have if you sold everything right now, after fees and price impact, minus your starting bankroll. It helps you decide when to sell; it doesn’t rank.

Prize PnL

Prize places rank on prize PnL: your realized PnL with some gains taken out. Losses always count. Gains don’t count on a buy that:

• filled when the pool had less than 15 SOL of real liquidity;
• filled when the coin had fewer than 40 holders;
• you still held when you traded the same coin on-chain with your own wallet (see on-chain activity).

Each buy is tracked as its own lot, and sells use your oldest lots first. A lot sold at a gain adds to prize PnL only if the lot was eligible; a lot sold at a loss subtracts either way. Coins still held at the close count as a loss of their cost, eligible or not. These trades also don’t count toward the minimum number of trades and tokens.

Ranking and tie-breaks

Everyone who entered is ranked, eligible or not, in this order:

1. Higher realized PnL.
2. Fewer trades. Every buy and every sell counts once; rejected orders don’t count.
3. Reached the final figure earlier: the time of your last trade, or the close if you were still holding coins then.
4. Entered the tournament earlier.
5. Still tied: the same rank, and a person reviews it before any prize is paid.

Prize places use the same tie-breaks, on prize PnL. An exact tie in the prize places holds that payout until a reviewer decides.

The rule is frozen per tournament

Each tournament keeps the scoring rule it was set up with, and its card and standings say which. Older tournaments ranked on session PnL instead: realized PnL plus open positions valued as a full simulated sale at the close. Their pages show that rule.

Eligible trades: a buy counts if it filled above the liquidity and holder floors and isn’t tainted by your own on-chain trading; a sell counts if it sells at least part of an eligible buy. The Tournaments page shows your progress toward the minimums while a tournament is live.

No $PRINT holding

You don’t need to hold any $PRINT to enter a tournament or to win a prize, before or after the token launches.

Your own on-chain activity on a coin

• You can’t paper-buy a coin your signed-in wallet created.
• You can’t paper-buy a coin your wallet has traded on-chain earlier in the same tournament.
• If you trade a coin on-chain after paper-buying it, you keep the position, but gains on what you held at that moment stop counting toward prizes (losses still count), and the team is alerted.

This stops anyone pumping a coin with real SOL to lift a paper position. Practice is exempt, because it never pays.

Linked wallets

At the close, the top finishers’ wallets are checked for links: the same funding wallet (exchange wallets don’t count), wallets that funded each other, or a shared transaction. Linked wallets are flagged for a person to review, never removed automatically. If two linked wallets both land in prize places, the lower one’s prize is held and the next trader not linked to them is lined up. If the reviewer upholds the flag, the place passes to that trader: one prize per person.

Team wallets

Wallets belonging to the Print Arena team (admins, the creator wallet and the launch-buy wallet) can play but can never win a prize. They show as not eligible.

Rank vs prize place

Your rank is your position among everyone in the tournament by realized PnL. Your prize place is your position among prize-eligible traders with a positive prize PnL, ordered by prize PnL. They can differ:

• Someone above you isn’t eligible. They keep their rank, but the prize place passes to the next eligible trader: ranked 3rd behind one ineligible trader, you’d be in 2nd prize place.
• Some of your gains don’t count (a buy under the liquidity or holder floor), so your prize PnL is below your realized PnL and you can sit lower in the prize places than your rank.
• A prize PnL of zero or less never takes a prize place.

While a tournament is live, prize places are provisional: where you’d finish if it closed now, before the review. After the review, Past tournaments shows who was actually paid: a place passed on in review shows its new recipient, and a withheld place says Prize withheld.

Pool and split

Tournaments pay the top three, split 50%, 30% and 20% of the pool, unless a tournament’s card states different places or a different split. The card is the source of truth for that tournament: its prize pool, its places and what each one pays.

For example, a $50 pool on the standard split pays $25 to 1st, $15 to 2nd and $10 to 3rd.

Once a tournament has started its pool can’t change, and it’s never reduced. Prizes don’t depend on the price of $PRINT.

Set in USD, paid in SOL

Prizes are set in US dollars and converted to SOL when the payout batch is approved, at the SOL/USD price at that moment, which is recorded with the batch. Amounts round down to the lamport. The SOL goes to the wallet you signed in with.

The review, step by step

1. The tournament closes. The final standings and prize places are computed.
2. Automatic checks flag anything unusual (see flags). A flagged prize is held.
3. The review window runs for at least 3 hours after the close. A reviewer clears or upholds every flag. Trades executed on bad data or tied to manipulation can be voided, and the standings and prize places are recomputed without them.
4. After the window, one admin approves the payout batch. That converts the prizes to SOL.
5. The prizes are sent within 24 hours of the review closing, by hand from the Print Arena creator wallet.
6. Print Arena checks every transfer on-chain: it must have succeeded, come after the approval, come from the creator wallet and pay the winner, and it can’t be counted twice. Only then is the prize marked Paid, with a link to its transaction on Solscan.

Automatic flags

Cleared: the prize goes ahead. Upheld: the prize is withheld and stays in the prize treasury, except for linked wallets, where the place passes to the next unlinked trader. Voided trades and upheld flags are listed publicly on Paid prizes, with the reason or the reviewer’s note.

Fewer winners than places

If fewer traders qualify than there are prize places, the unclaimed prizes aren’t paid and stay in the prize treasury. A lone eligible winner gets only the 1st-place prize.

Provisional, final, pending, paid

Provisional

During a live tournament: where the prizes would go if it closed now.

In review

After the close, before approval. Prize places can still change.

Final

The review has closed. The results and prize places are settled; it doesn’t mean paid. Prizes are sent within 24 hours.

Pending

A prize is allocated and approved, but its payment isn’t confirmed on-chain yet.

Paid

The payment is confirmed on-chain and linked to its transaction.

Partly paid

Some of a tournament’s prizes are confirmed, the rest not yet.

An allocation is what a place is worth; a payment is SOL confirmed on-chain. Paid prizes lists confirmed payments only. Approved prizes still waiting to be sent are shown as a count and never counted as paid.

Live

The running tournament: rank by realized PnL, prize PnL, trades, coins, eligibility, and the provisional prize places on the podium. It updates as trades fill.

Past tournaments

Every finished tournament, scored under the rule it ran with. The result (awaiting review, final, corrected, voided, cancelled) is shown apart from payment. After the review the podium shows who was actually paid.

All-time

Career recognition, with no prizes. Ranked by wins (1st prize places), then podiums (top-three prize places). A tournament counts once its results are final and every prize is paid. Equal wins and podiums share a rank. Paper PnL is never added up across tournaments, and team wallets and banned accounts aren’t ranked.

Paid prizes

Every confirmed payment with its Solscan transaction, the totals, approved prizes still awaiting payment (as a count), and the public review log: voided trades with the reason, upheld flags with the reviewer’s note, and voided tournaments.

Every trader also has a public page with their tournament history, ranks and prizes. Your current holdings show there only to you.

Contract address

To be added. $PRINT hasn’t launched; when it does, the address appears here and on the homepage.

Official X

@PrintArena_xyz

Creator fee

2% creator fee / transfer tax. It’s a Token-2022 transfer fee, so it applies to every transfer of $PRINT: buys and sells, and wallet-to-wallet transfers too.

Where the fee goes

75% of the 2% transfer fee collected by the creator wallet goes to tournament prizes and 25% to running and developing the site. The split covers only the transfer fee, not pool or LP fees. These are shares of the fee collected, not extra taxes.

Tournament prize pools are set in US dollars and paid in SOL; they don’t move with the token’s price. You don’t need to hold any $PRINT to enter or to win (see eligibility).

Your wallet

• Print Arena never asks for your private key or recovery phrase and never asks you to sign a transaction. Signing in is a message signature, and it can’t move funds.
• The platform holds no keys and can’t send money. Prizes are sent within 24 hours of the review closing, by hand from the creator wallet, and verified on-chain.

Integrity

• Fills are computed on the server from on-chain data. Nothing your browser sends sets a price.
• Each tournament stores the rules it runs under, and each fill stores the reserves and the data source it was priced from, so standings can be recomputed from the trades.
• If live market data stops for 10 seconds, trading pauses for everyone and resumes automatically. A tournament paused for more than 30 minutes in total is flagged, and an admin may void it; a voided tournament pays nothing.
• After the close, trades executed on bad data or tied to manipulation can be voided, with a public reason.
• What gets flagged automatically, and what happens next, is under automatic flags.

Questions and disputes

Questions and disputes go by direct message to @PrintArena_xyz on X. If a result looks wrong, say so as early as you can: prize places can still change until the review closes, and review decisions are published on Paid prizes.

Bans

Bans are decided by a person, never automatically. An admin can ban a wallet for cheating, together with the wallets linked to it. A banned wallet is signed out, can’t sign in again and can’t win; a prize it was due is held for review.

Coin names and images

Coin names and images come from their creators. A blocklist filters some names, and the team can hide coins for everyone. You can hide any coin yourself with Hide on Discover (unhide it in Settings), and turn coin images off in Settings.

Open the live demo. It turns on sample data for that browser tab: a sample tournament under way, sample traders and a sample you, on every page.

• A bar on every page reads “Demo · sample data, not a live tournament”, with Exit demo.
• Nothing is real and nothing is sent. Signing in, linking X, entering and orders only show a message, so you can’t trade or win in the demo.
• Receipts and print cards are stamped as sample data, and sharing them is off.
• It stays on across pages and reloads in that tab until you press Exit demo.

All-time

The career standings: ranked by wins, then podium finishes, in tournaments whose prizes have all been paid.

Anti-snipe

No buys in the first 2 slots after a coin launches.

Bankroll

The paper SOL you trade with. Simulated: it can’t be withdrawn and is never real money.

Bonding curve

Where a new pump.fun coin trades first: the price follows a formula and rises as people buy.

Busted

Your cash plus what your coins would sell for can’t cover one more priority fee. Your bankroll is closed for that tournament.

Buy limit

Your whole position in a coin may use at most 10% of the SOL in its pool. See the buy limit.

Creator wallet

The Print Arena wallet that sends prizes by hand and collects the $PRINT creator fee.

Eligible trade

A trade that counts toward the minimum trades and coins: a buy above the liquidity and holder floors (and not tainted by your on-chain trading), or a sell of such a buy.

Equity

Your cash plus what your coins would sell for right now, after fees and impact.

Final

The payout review has closed and the results are settled. It doesn’t say whether prizes are paid yet.

Final stretch

A Discover column: coins whose bonding curve is at least 60% complete, getting close to migrating.

Fill

The simulated execution of your order, priced on the server from on-chain data.

Flag, hold

A flag marks something for a reviewer. A held prize waits until the reviewer clears or upholds the flag.

Liquidity

The real SOL in a coin’s pool (not the bonding curve’s virtual reserves). The buy limit and the liquidity floor use it.

Lot

One buy. Sells use your oldest lots first, and prize PnL is worked out per lot.

Market cap

Price times supply, in US dollars at a live SOL/USD price. The range and Out of range use it.

Migration

When a coin leaves the bonding curve for its PumpSwap pool. Orders are refused while it happens.

Out of range

Market cap outside $3.5K–$1M: you can’t buy, but you can sell.

PnL if sold now

Equity minus your starting bankroll: what selling everything now would leave you with. It doesn’t rank.

Practice

The private, refillable paper bankroll. Never ranked, never paid.

Price impact

How much your own order moves the price along the curve or pool.

Price unavailable

The order was refused because no fresh price could be confirmed. Nothing is filled at an old price.

Priority fee

A fixed 0.001 SOL on every buy and sell, as a real transaction would pay.

Prize PnL

Realized PnL with gains from ineligible buys removed; losses always count. Prize places rank on it.

Prize place

Your position among prize-eligible traders with positive prize PnL. Not the same as your rank.

Provisional

Where things stand if the tournament closed now, before the review.

PumpSwap

pump.fun’s exchange pool, where a coin trades after it migrates.

Rank

Your position among everyone in the tournament by realized PnL.

Realized PnL

Cash minus your starting bankroll; unsold coins count as zero. What tournaments rank on.

Realized on closed trades

Profit or loss on what you’ve sold, against what it cost. It leaves out what you still hold.

Review window

At least 3 hours after the close, before prizes can be approved.

Session PnL

The older rule: realized PnL plus open positions valued as a full simulated sale at the close.

Slippage tolerance

How much worse than the server’s quote you’ll accept: 20% by default, up to 50%.

Team wallet

A Print Arena team wallet. It can play but never win a prize.

Tournament

A competition set up by the team, with its own window, prize pool, split and rules.