Glossary - ChicksX

Degen A risk-taking trader in crypto markets often making impulsive decisions. Driven by high-risk, high-reward strategies.

Degen is a term used in the crypto community to describe a trader who engages in high-risk, speculative trading activities. These individuals often make impulsive decisions without thorough research, chasing quick profits. Degens are typically drawn to volatile markets and new, unproven projects, where the potential for high rewards exists. However, this approach also carries a significant risk of substantial losses. While degens can sometimes achieve impressive gains, their strategy requires a high tolerance for risk and an understanding that losses are as likely as wins.