Rekt
Slang for suffering heavy losses, often quickly, due to volatility, leverage, or liquidations.
- Also known as
- Wrecked
"Rekt" is crypto slang for being "wrecked" by a large loss. It can describe a trader whose leveraged position is liquidated, a token holder caught in a collapse, or a broader market move that rapidly erases gains.
The term is informal, but the underlying risks are real: volatility, leverage, poor liquidity, custody failures, scams, and overconcentration can all turn losses into unrecoverable damage. Risk controls reduce exposure but do not eliminate market risk.
Related terms
Explore connected entries beyond the alphabetical index.
Pump and Dump
→A deceptive scheme in which promoters drive buying and then sell into the demand they created.
Liquidation
→The forced closure of a leveraged position when collateral falls below required margin.
Leverage
→Borrowed or synthetic exposure that increases position size, amplifying both gains and losses.
Bear Market
→A sustained market decline accompanied by broadly negative sentiment and reduced risk appetite.
Wallet
→Software or hardware that manages signing credentials, addresses, transactions, and access to blockchain assets.