REKT

Rekt is a slang term that is short for 'wrecked.' In the crypto world, rekt denotes a cryptocurrency trader who loses their entire trading portfolio due to a market crash.

 

Rekt is typically the effect or result of a pump-and-dump scheme, which creates a sense of FOMO (fear of missing out) among traders and drives them to risk their trading capital on a project that sounds (falsely) promising. The aftereffect of such an illegal pump and dump scheme is investors who 'get rekt,' falling for misleading promotions.

 

Rent originated in online gaming as a slang term to indicate a player who was finished or wiped out. Crypto investors who lose all their funds by investing in assets that suffer a crash get wiped out or 'rekt' due to the market's high volatility.

 

Crypto experts recommend that investors do due diligence and spend time researching before investing in a particular digital asset or crypto project to minimize their chances of getting rekt. Being aware of the fundamentals of a project and how the market moves could help investors undertake wiser decisions instead of being swept away by false hype.