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The term "degen" in crypto refers to adventurous traders willing to take high risks for big rewards. Derived from "degenerate," it playfully describes individuals chasing speculative gains in volatile markets like meme coins, NFTs, or DeFi projects.
Crypto degens often embrace chaos, fueled by FOMO (fear of missing out) and hype. They thrive on Twitter, Discord, or Telegram, sharing ideas, memes, and calls for the next “moonshot.” While some achieve massive profits, others face harsh losses, highlighting the market's unpredictability.
The degen culture symbolizes innovation and community-driven experimentation in crypto, making it both exciting and perilous. 0 reply
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