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General TradingR
Rekt
Crypto slang for "wrecked," describing a trader who has suffered devastating financial losses on a single trade, across multiple trades, or by holding depreciating assets. The term is also used to describe crypto assets themselves that have experienced extreme price declines.
Example
“After going 50x long on a memecoin that dropped 95% overnight, the trader posted on social media that they got completely rekt and lost their entire account.”