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Degen

slang

Also: degens

1 min readupdated 2026-05-29✏️ Suggest an edit🕑 History

Degen (from "degenerate") is the self-ironic name for a crypto trader who plays in high-risk assets: memecoins, fresh tokens, leveraged positions. Not an insult; many degens wear it as a badge of honor.

A "degen play" = a bet with knowingly high risk.

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