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  1. Home
  2. /Glossary
  3. /Degen
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cryptocurrency

Degen

Short for 'degenerate gambler,' now used affectionately in crypto for someone who takes high-risk bets on new coins, yield farms, or NFTs.

Definition

Short for 'degenerate gambler,' now used affectionately in crypto for someone who takes high-risk bets on new coins, yield farms, or NFTs. Degens ape into things without much research, hoping for massive gains. Some get rich, most don't.

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Related Terms

FOMO (Fear of Missing Out)

The anxiety that others are profiting from an opportunity you're missing.

Shitcoin

A derogatory term for cryptocurrencies with no utility, purpose, or future.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

Airdrop Farming

Strategically using protocols before they launch a token to qualify for free airdrops.

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