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Crypto words

What degen means

Degen is short for degenerate. In crypto it is somebody who takes wild risks on new or unknown coins.

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degen
A reckless trader. Often said of yourself.
degen play
A bet everybody knows is wild.
degen hours
Late at night, when the wildest trades happen.

Where degen came from

Degenerate gambler is an old phrase for somebody who cannot stop betting. Gamblers shortened it first.

In crypto it means somebody who trades on risk without doing the research.

Source: Know Your Meme, degen.

Insult or badge

Said of yourself it is a badge, with a wink. Said of somebody else it can be fond or rude, by tone.

How people use it

  • Full degen mode.
  • A degen chat.
  • Gm degens.
  • That was a degen move.

Degen in a card

A birthday card for the friend who aped into everything can call them a degen and mean love.

The front of the card

For Kai · His 30th · 8 March

Collection pot6 people chipped in 150 USDG

  • Happy birthday to the most loveable degen we know. 🎲

    Rosa

  • This one is a gift. Do not ape it.

    0xdan

  • Thirty. Maybe sleep before degen hours this year.

    Mum

Robinhood Chain

An example card. The names are made up.

Questions

What does degen mean in slang?

Short for degenerate. In crypto it is somebody who takes wild risks.

Is degen an insult?

It depends on who says it. Said of yourself it is a joke.

What is a degen trader?

Somebody who makes fast, high-risk trades, often on new memecoins.

What does ape mean?

To put money in fast without checking. It is what a degen does.

Where does degen come from?

Degenerate gambler, an old phrase from betting.

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