Degen

What is Degen?

"Degen" is short for "degenerate" and is often used to describe someone who takes high risks, especially in investing or gambling. Originally used in gambling communities, it has been adopted by crypto enthusiasts to refer to those who engage in reckless or speculative investments.

What Degen Means in the Crypto Context

In the crypto world, "degen" refers to someone who trades or invests in extremely volatile or risky assets without much research, often driven by the fear of missing out (FOMO). Degens may buy new or obscure tokens, engage in yield farming with high returns, or jump into meme coins with little to no utility. The term is used both playfully and as a warning, as degen behavior can lead to significant losses.

How to Use the Term

You can use "degen" in casual conversations within the crypto community, especially when talking about high-risk investments or speculative behavior. Here are a few examples:

• "That token is up 1000% in a day, perfect for the degens out there!"
• "I'm going full degen and buying this meme coin—let's see what happens."
• "Degens don’t care about fundamentals, they just want quick profits."

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