Degen
Crypto investor taking extreme risks without deep analysis.
Beginner-friendly explanation
A 'degen' is someone who invests in very risky cryptocurrencies, often without thinking. They hope for quick gains but can lose everything.
Example: Buying an unknown token just because it’s 'pumping,' without any checks.
Intermediate-level insight
Degen behavior often involves chasing 'gems' (unknown projects) and entering early before the crowd. Degens accept high volatility, scam risks, and lack of strong fundamentals.
Example: Joining a presale of an unaudited project on a DEX.
Advanced perspective
In the crypto ecosystem, being a 'degen' is also a conscious high-risk strategy: arbitraging shitcoins, farming experimental airdrops, or speculating on illiquid NFTs. Experienced degens sometimes use fast analysis tools (dextools, on-chain) to reduce risk.
Example: A degen scans new liquidity pools on Uniswap to spot exploitable launches within minutes.
Cryptocurrencies & Tokens
degen, extreme risk, gem, shitcoin, crypto speculation, risky investment