Rekt
meme · slang · trading
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
Pump and Dump
→A deceptive scheme in which promoters drive buying and then sell into the demand they created.
trading · scam
Liquidation
→The forced closure of a leveraged position when collateral falls below required margin.
markets · derivatives
Leverage
→Borrowed or synthetic exposure that increases position size, amplifying both gains and losses.
markets · derivatives
Bear Market
→A sustained market decline accompanied by broadly negative sentiment and reduced risk appetite.
market · trading
Wallet
→Software or hardware that manages signing credentials, addresses, transactions, and access to blockchain assets.
wallet · security