Trench Capital is a proprietary trading firm for Solana memecoin traders. Participants pay an evaluation fee in SOL to access a simulated trading account sized from $5k to $50k. After meeting profit targets on simulated trades using real pump.fun and Solana meme prices, traders receive funded accounts with 80/20 profit splits paid in SOL every 48 hours. The platform requires no KYC and uses wallet-based identity.