Definition
A degen is a slang term in crypto culture for someone who engages in very high-risk, speculative trading or investing, often with minimal analysis. The word comes from “degenerate” and is used both humorously and critically to describe behavior that prioritizes fast profits over caution. Degens are typically associated with chasing volatile tokens, meme coins, and experimental projects where the chance of loss is high. The term describes an attitude toward risk and speculation rather than a specific role or technical function in a blockchain system.
Context and Usage
Within crypto communities, calling someone a degen can be self-descriptive, a badge of honor, or a light criticism, depending on context and tone. It often reflects a culture that embraces volatility, rapid decision-making, and a willingness to lose money in pursuit of outsized returns. The concept of a degen is closely tied to online crypto spaces where memes, social media hype, and fast-moving narratives strongly influence behavior. While the term is informal, it captures a recognizable mindset that shapes how some participants interact with crypto markets and projects.