Degen

In the cryptocurrency space, a "degen" is short for "degenerate," referring to risk-taking traders who dive into high-volatility assets for potentially massive rewards. These individuals often explore speculative markets like meme coins, NFTs, and new DeFi projects, where the lines between luck and strategy blur.

Crypto degens are driven by a culture of excitement and opportunity, characterized by impulsive trades, a “win big or lose all” mindset, and a relentless pursuit of the next moonshot. They frequent social platforms like Twitter and Discord, where rumors and hype often shape their decisions more than traditional market analysis.