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
5 linkedExplore connected entries beyond the alphabetical index.
Pump and Dump
→A manipulative scheme to inflate the price of an asset and then sell it to unsuspecting investors.
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 prolonged period of declining prices and negative sentiment.
Wallet
→Software or hardware that manages crypto keys, creates addresses, signs transactions, and shows blockchain activity.
All terms and definitions may update as the Cryptionary improves.
