Degen

A "degen" is short for "degenerate," often used in online communities to describe someone who engages in risky, high-stakes activities, especially in the context of gambling, trading, or investing. In the world of cryptocurrency and NFTs, a degen might be someone who takes impulsive, speculative actions without much research, chasing after quick profits. While sometimes seen as reckless, the term can also refer to individuals who are highly passionate and willing to take risks in order to gain massive rewards. Degens are often characterized by their obsession with new trends, their love for the thrill, and their willingness to embrace volatility. Despite the risks, many degens thrive in communities that celebrate this "high-risk, high-reward" mindset. However, this lifestyle can also lead to significant losses for those who don't play cautiously.