REKT

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REKT

What is REKT

Wrecked is misspelled as REKT (or rekt). A cryptocurrency trader who has been completely wrecked and shattered by losses from a recent price fall is said to be “being rekt”. Rekt is what happens when cryptocurrency traders fall prey to a pump and dump due to FOMO. You are screwed.

Let’s imagine, for example, that you invested all of your assets in DOGE shortly after its value increased as a result of a tweet from Elon Musk. Due to crypto whales’ decision to dump, the price of DOGE plummets to less than 50% of its previous day’s value the following day, and you are now a bag holder. In this case, you received REKT.

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