If someone calls you a “degen” in crypto, don’t be offended — it’s part insult, part badge of honor.

What Does Degen Mean?

Degen (short for degenerate) refers to crypto traders or NFT collectors who take high-risk, high-reward bets — often without much research.

Degens chase hype, ape into projects, and sometimes strike gold… but other times lose it all.

The Degen Mindset

  • YOLO Energy: “I’ll just throw some ETH in and see what happens.”
  • Chasing 100x: Always hunting the next moonshot.
  • Fast Decisions: Degens rarely wait — FOMO drives them.

Examples of Degen Behavior

  • Buying a token just because it’s trending on Twitter.
  • Minting an NFT without checking the team or roadmap.
  • Putting big money into unproven projects.

The Good & Bad of Being a Degen

✅ Sometimes they discover gems early and make life-changing profits.

❌ Many times, they lose everything when projects rug pull or fail.

Beginner Rating: ⭐⭐⭐☆☆ — Fun to observe, risky to imitate.

💡 Pro tip: There’s a little “degen” in every crypto enthusiast, but balance it with research — don’t gamble more than you can afford to lose.

Weird Word of the Week