noun Internet Slang

Degen

/ˈdiːdʒɛn/ · noun · slang

A reckless gambler-trader who chases high-risk plays for the thrill — worn as a badge of pride.

0

Definitions

1

Short for 'degenerate,' a trader who makes wildly risky, gambling-style bets on volatile tokens, leverage, and longshots. In crypto it's a self-applied badge of honor, not an insult.

“Aped my last $500 into a 12-hour-old memecoin, full degen.”
by community
0
2

As an adjective, describing risky, irresponsible, gambling-flavored behavior in trading or otherwise.

“That's a degen play, you'll either 10x or lose it all.”
by community
0
3

More broadly in gaming and gambling culture, anyone who compulsively chases the rush of high-stakes bets.

“We're all degens here, max bet or nothing.”
by community
0

Degen In A Sentence

True degens don't read the whitepaper, they read the candles.
Degen hours: 3am, leverage maxed, eyes bleeding.
He's such a degen he'll bet on anything with a chart.

Origin & Usage

Clipped from 'degenerate,' long used in gambling slang. Crypto traders reclaimed it around 2020-2021 as a proud identity for reckless high-risk players, especially in DeFi memecoin culture.

Variants degeneratedegensdegen playdegeneracy
Tags #money#internet#gen-z#meme#gaming

People Also Ask

What does 'degen' mean in crypto?

It's short for 'degenerate' and means a reckless, gambling-style trader who chases high-risk plays. In crypto it's worn proudly.

Is 'degen' an insult?

Not in crypto — it's a self-applied badge of honor for risk-taking. Outside that context, 'degenerate' is still an insult.

What is a 'degen play'?

A high-risk, high-reward bet that's basically gambling — you might 10x or lose everything, with little in between.

Comments 0