Propose an edit: Rekt

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Rekt is crypto slang for being financially destroyed: liquidated on a leveraged position, caught in a [[rug pull]], or left holding a token that went to zero. It is a phonetic spelling of "wrecked" and functions as both adjective ("I'm rekt") and passive verb ("he got rekt on that launch"). The term applies to individuals, to protocols drained by exploits, and to assets themselves, as in "that chart is rekt."

## Origin

The spelling comes from online gaming culture, where "get rekt" taunted defeated opponents, with glossaries from Ledger and Binance Academy tracing the crypto usage back through internet slang of the early 2010s. Bitcoin forums and trading chats adopted it to describe traders blown up by volatility, and it has remained one of the most durable words in the crypto lexicon, appearing in essentially every published glossary of the space. Its institutionalization is measurable: rekt.news, a publication founded in 2020, chronicles DeFi hacks and exploits under the name, and "rekt" appears in mainstream explainers from CoinMarketCap and Bitcoin.com.

## Usage

In the [[trenches]] the word covers the full range of routine disasters: buying a [[honeypot]], becoming [[exit liquidity]] for an [[insider]] unlock, or watching a [[dev sold]] event nuke a chart seconds after entry. Degrees are expressed through intensifiers, from "slightly rekt" to "max rekt." The term is often paired with dark humor rather than sympathy; a trader posting a catastrophic loss screenshot expects replies of "rekt" as a form of acknowledgment. Unlike [[fud]] accusations, calling someone rekt is a statement of outcome rather than intent (compare [[cope and hopium]]), and self applied usage is common, reflecting the [[degen]] ethos in which losses are worn openly as proof of participation.

## References

- https://www.ledger.com/academy/glossary/rekt
- https://academy.binance.com/en/glossary/rekt
- https://coinmarketcap.com/academy/article/what-does-rekt-mean-in-crypto
- https://markets.bitcoin.com/glossary/rekt
- https://rekt.news/

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