List of Degen Terms

Degenpedia is a comprehensive encyclopedia of cryptocurrency and Web3 slang. This page contains definitions and examples of terms commonly used by degens (degenerate traders/investors) in the crypto community.

General & Culture

Degen: Short for 'degenerate', refers to someone who makes risky or speculative investments in crypto without much research.; Example: "He's a total degen, aping into every new token launch."
WAGMI: We're All Gonna Make It - an optimistic rallying cry used during market downturns or to encourage community members.; Example: "Don't worry about the dip, WAGMI!"
GM: Good Morning - a friendly greeting used by crypto enthusiasts regardless of time zone.; Example: "GM everyone, ready for another day in the markets?"
GN: Good Night - the evening counterpart to GM, used to bid farewell to the community.; Example: "GN degens, see you at market open."
NGMI: Not Gonna Make It - used to describe someone making poor investment decisions or exhibiting paper hands behavior.; Example: "He sold at the bottom? NGMI."
IYKYK: If You Know, You Know - used to reference insider knowledge or understanding of a particular situation.; Example: "That wallet address... IYKYK."
Few: Short for 'few understand this', implying that most people don't grasp the significance of something.; Example: "Bitcoin is going to $1M. Few."
Ser: Sir - intentionally misspelled as a meme, often used in humorous or sarcastic contexts.; Example: "Wen token ser?"
Probably Nothing: Sarcastic phrase suggesting something is actually very significant despite appearing minor.; Example: "Just bought more BTC at $20k. Probably nothing."
NFA: Not Financial Advice - disclaimer used when sharing investment opinions to avoid legal liability.; Example: "I think this project will 100x. NFA."
DYOR: Do Your Own Research - reminder that individuals should verify information before investing.; Example: "This looks promising but DYOR before buying."
Hopium: Excessive optimism about an asset's future price, often based on hope rather than analysis.; Example: "I'm on that pure hopium thinking my bags will 10x this cycle."
Copium: Coping mechanism used when dealing with losses, convincing yourself things aren't as bad as they seem.; Example: "It's just a temporary dip, right? *inhales copium*"
Laser Eyes: Profile picture modification signaling Bitcoin maximalism and confidence.; Example: "Changed my pfp to laser eyes during the bull run."
Stack Sats: Accumulating Bitcoin slowly over time, regardless of price.; Example: "I stack sats every paycheck, $50 at a time."
Have Fun Staying Poor: Dismissive phrase used by crypto believers toward skeptics (HFSP).; Example: "He doesn't believe in Bitcoin? HFSP."
CT: Crypto Twitter - the Twitter community discussing cryptocurrency.; Example: "CT is losing its mind over this announcement."
Maxi: Maximalist - someone who believes only one cryptocurrency (usually Bitcoin) has value.; Example: "Bitcoin maxis think all altcoins are scams."
Toxic Maxi: Aggressive Bitcoin maximalist who attacks other projects and communities.; Example: "Don't mention ETH around toxic maxis."
No Coiner: Person who doesn't own any cryptocurrency, often skeptical of the space.; Example: "My uncle is still a no coiner, missing all the gains."
OG: Original Gangster - early adopter or veteran in crypto.; Example: "That wallet is an OG, been holding since 2013."
Larping: Live Action Role Playing - pretending to be something you're not (rich, knowledgeable, etc.).; Example: "He's just larping as a whale with $100 in his wallet."
GigaBrain: Someone with exceptional intelligence or insight in crypto.; Example: "That trade prediction was gigabrain level."
SmoothBrain: Self-deprecating term for someone making dumb decisions.; Example: "Sold the bottom again, I'm so smoothbrain."
Wen Token: Asking when a project will launch its token.; Example: "Great project but wen token?"
Based: Expressing approval, authenticity, or not caring about criticism.; Example: "Calling out scams publicly? Based."
Cope: Dealing with loss or disappointment, often unrealistically.; Example: "Saying it will pump next week is just cope."
Alpha: Valuable insider information or early insights about opportunities.; Example: "Just got alpha on the next big airdrop."
Beta: Common knowledge that everyone already knows.; Example: "That's just beta, we all knew that weeks ago."
Anon: Anonymous person, often used to address unknown community members.; Example: "Hey anon, what's your take on this project?"
Fren: Friend, intentionally misspelled as part of crypto culture.; Example: "GM frens, how are we feeling today?"
Pleb: Regular person without special status or large holdings.; Example: "Just a pleb trying to make it in crypto."
Chad: Someone who makes confident, successful moves in crypto.; Example: "That chad just 10x'd his portfolio in a week."
Virgin: Inexperienced trader or someone who missed obvious opportunities.; Example: "Virgin trader vs chad degen memes are everywhere."
Wojak: Meme character used to express various emotional states in crypto.; Example: "I feel like the crying wojak watching this dump."
Pepe: Popular meme frog character used extensively in crypto culture.; Example: "Posted a rare Pepe to celebrate the pump."
Bobo: Bear character representing pessimistic traders.; Example: "Bobos in shambles after that rally."
Mumu: Bull character representing optimistic traders.; Example: "Mumus eating good tonight after that pump."
Normie: Regular person not deeply involved in crypto culture.; Example: "Normies don't understand why we check charts at 3am."
Touch Grass: Suggestion to go outside and take a break from crypto.; Example: "You've been staring at charts for 12 hours, go touch grass."
Goblin Mode: State of extreme degen behavior, usually during market volatility.; Example: "Market's pumping, I'm in full goblin mode."
Down Bad: In a terrible situation, usually financially devastated.; Example: "I'm down bad after that rug pull."
Down Horrendous: Extremely down bad, catastrophically wrecked.; Example: "Lost 90% of my portfolio, I'm down horrendous."
It's Over: Expressing defeat or acceptance of losses.; Example: "BTC below 20k? It's over for my portfolio."
We're So Back: Expressing renewed optimism after recovery.; Example: "New ATH? We're so back!"
LFG: Let's F***ing Go - expression of extreme excitement.; Example: "Token just launched, LFG!"
IYKIYK: Variation of IYKYK emphasizing insider knowledge.; Example: "That wallet address though... IYKIYK."
This Is The Way: Affirmation of a correct strategy or decision.; Example: "DCA into BTC every week? This is the way."
Ser This Is A Wendy's: Response to overly complex or inappropriate questions.; Example: "Asked about tokenomics in a meme group. Ser this is a Wendy's."
Looks Rare: Sarcastic comment on something common or worthless.; Example: "Another dog coin? Looks rare."
Generational Wealth: Life-changing money that can be passed to future generations.; Example: "This trade could be generational wealth."
Life Changing Money: Profits significant enough to transform one's lifestyle.; Example: "Holding until life changing money or zero."
Pamp It: Call for price to increase, often humorously.; Example: "Bogdanoff, pamp it!"
Dump It: Call for price to decrease, often as a joke.; Example: "He bought? Dump it."
He Bought: Meme implying price will dump after someone buys.; Example: "He bought the top? Dump it."
He Sold: Meme implying price will pump after someone sells.; Example: "He sold the bottom? Pamp it."
Number Go Up: Simple expression of wanting price to increase.; Example: "I just want number go up technology."
Wen Moon: Asking when the price will dramatically increase.; Example: "Bought the dip, wen moon?"
Wen Binance: Asking when a token will be listed on major exchanges.; Example: "Great project but wen Binance?"
Wen Marketing: Asking when promotion efforts will begin.; Example: "The tech is ready, wen marketing?"
Degen Hours: Late night trading sessions when risky decisions are made.; Example: "It's 3am, degen hours are in full effect."
Trust The Process: Have faith in long-term strategy despite short-term setbacks.; Example: "Portfolio down 50% but trust the process."
LTFG: Let's The F***ing Go - alternative expression of excitement.; Example: "Partnership announced, LTFG!"

Trading & Market Activity

Ape: To invest heavily in something without thorough research, acting on impulse or FOMO.; Example: "I'm gonna ape into this new memecoin."
Diamond Hands: Holding an asset through extreme volatility without selling, showing strong conviction.; Example: "I've held through three bear markets, these are diamond hands."
Paper Hands: Selling an asset at the first sign of trouble or small profit, lacking conviction.; Example: "He sold after a 10% dip? Total paper hands."
FOMO: Fear Of Missing Out - anxiety that drives people to buy assets that are rapidly increasing in price.; Example: "The FOMO kicked in when I saw it pump 50% in an hour."
FUD: Fear, Uncertainty, and Doubt - negative information spread to influence market sentiment or price.; Example: "That article is just FUD from someone who missed the entry."
HODL: Hold On for Dear Life - strategy of holding cryptocurrency long-term regardless of volatility, originated from a typo.; Example: "Just HODL and don't check the charts every hour."
Moon/Mooning: When an asset's price is rapidly increasing or predicted to increase dramatically.; Example: "This token is mooning! Up 200% today."
To the Moon: Expression of belief that an asset's price will increase significantly.; Example: "BTC to the moon!"
When Lambo: Humorous question asking when an investment will generate enough profit to buy a Lamborghini.; Example: "Bought more ETH. Wen Lambo?"
Wen: When - intentionally misspelled, used to ask about timing of events or price movements.; Example: "Wen bull market?"
Pump: Rapid price increase, sometimes artificially manipulated.; Example: "That token just had a massive pump."
Dump: Rapid selling causing significant price decrease, often following a pump.; Example: "Everyone dumped their bags after the announcement."
Pump and Dump: Market manipulation scheme where price is inflated (pumped) then heavily sold (dumped).; Example: "That was a classic pump and dump, avoid those projects."
Bags: Holdings or portfolio of cryptocurrencies, especially ones that have lost value.; Example: "I'm still holding these heavy bags from 2021."
Heavy Bags: Cryptocurrency holdings that have significantly decreased in value, creating unrealized losses.; Example: "These altcoin bags are getting heavier every day."
Bagholder: Someone holding onto assets that have decreased significantly in value.; Example: "I became a bagholder after buying the top."
Buy the Dip: Strategy of purchasing assets when prices decrease, anticipating future recovery.; Example: "Market's down 20%? Time to buy the dip."
DCA: Dollar Cost Averaging - investing fixed amounts at regular intervals regardless of price.; Example: "I DCA $100 into BTC every week."
ATH: All-Time High - the highest price an asset has ever reached.; Example: "BTC hit a new ATH of $69k in 2021."
ATL: All-Time Low - the lowest price an asset has ever reached.; Example: "This is close to ATL, might be a good entry."
Shitcoin: Cryptocurrency with little to no value, utility, or credibility.; Example: "That's a total shitcoin, don't waste your money."
Altcoin: Any cryptocurrency other than Bitcoin.; Example: "I'm diversifying into some altcoins this cycle."
Memecoin: Cryptocurrency created as a joke or meme, often with no serious utility.; Example: "DOGE started as a memecoin but became mainstream."
Whale: Individual or entity holding large amounts of cryptocurrency capable of moving markets.; Example: "A whale just moved 10,000 BTC to an exchange."
Rekt: Wrecked - suffered significant financial losses.; Example: "I got rekt on that 100x leverage trade."
Gwei: Unit of measurement for Ethereum gas fees (1 gwei = 0.000000001 ETH).; Example: "Gas is only 20 gwei right now, good time to transact."
Gas: Transaction fee required to execute operations on the Ethereum blockchain.; Example: "I paid $50 in gas for a simple swap."
Liquidated: When a leveraged position is automatically closed due to insufficient collateral.; Example: "I got liquidated on that short position."
Leverage: Borrowing funds to increase position size and potential returns (and losses).; Example: "Trading with 10x leverage is risky."
Long: Betting that an asset's price will increase.; Example: "I'm long on ETH for this quarter."
Short: Betting that an asset's price will decrease.; Example: "I'm shorting this overvalued token."
Send It: Going all-in on a trade or decision without hesitation.; Example: "Market's looking good, I'm gonna send it."
Degen Mode: Taking maximum risk with trades and investments.; Example: "Full degen mode, 100x leverage on this position."
Nuked: Suffering catastrophic losses, usually from leverage.; Example: "My portfolio got nuked in the last crash."
Exit Liquidity: Late buyers who provide liquidity for early investors to sell.; Example: "Retail traders became exit liquidity at the top."
Rotate: Moving investment capital from one asset to another.; Example: "Time to rotate from BTC into alts."
Snipe: Buying a token immediately at launch before others.; Example: "Managed to snipe the launch, got in at the bottom."
Sniper Bot: Automated tool that buys tokens instantly at launch.; Example: "Sniper bots got in before any humans could."
Front Run: Executing a trade before someone else's known transaction.; Example: "MEV bots front ran my swap."
Back Run: Executing a trade immediately after someone else's transaction.; Example: "Got back run on that large buy order."
Sandwich Attack: MEV attack where victim's trade is sandwiched between two malicious trades.; Example: "Lost $500 to a sandwich attack on Uniswap."
Slippage: Difference between expected and actual trade price.; Example: "Set slippage to 5% to get the trade through."
Price Impact: How much a trade affects the token's price.; Example: "Can't sell, price impact is 80%."
Honeypot: Scam token that can be bought but not sold.; Example: "That token is a honeypot, run!"
Tax Token: Token with buy/sell taxes that reduce trade value.; Example: "10% tax on sells, classic tax token."
Jeet: Someone who sells quickly at small profits.; Example: "Jeets ruined the chart by selling at 2x."
Jeet Proof: Token design that discourages early selling.; Example: "High sell tax makes it jeet proof."
Fade: To bet against something or ignore it.; Example: "I'm fading this project, doesn't look legit."
Caught A Knife: Bought during a price crash, hoping for reversal.; Example: "Tried to catch the knife and it kept falling."
Falling Knife: Asset in rapid price decline.; Example: "Don't try to catch the falling knife."
Dead Cat Bounce: Temporary price recovery during overall downtrend.; Example: "That pump was just a dead cat bounce."
Relief Rally: Short-term price increase after extended decline.; Example: "Enjoy the relief rally but don't get too bullish."
Fake Out: Price movement that tricks traders before reversing.; Example: "That breakout was a fake out."
Breakout: Price moving decisively above resistance level.; Example: "Clean breakout above $50k."
Breakdown: Price moving decisively below support level.; Example: "Breakdown below support, expecting more downside."
Support: Price level where buying pressure prevents further decline.; Example: "Strong support at $30k."
Resistance: Price level where selling pressure prevents further increase.; Example: "Can't break through resistance at $40k."
Liquidity Grab: Price movement to trigger stop losses before reversing.; Example: "That dip was just a liquidity grab."
Stop Hunt: Intentional price move to trigger stop loss orders.; Example: "Whales are stop hunting weak hands."
Shakeout: Price volatility designed to scare weak holders into selling.; Example: "Classic shakeout before the pump."
Wash Trading: Fake volume created by trading with yourself.; Example: "That exchange volume is mostly wash trading."
Paint The Chart: Manipulating price to create desired technical patterns.; Example: "Whales painting the chart to look bullish."
Spoofing: Placing fake orders to manipulate price perception.; Example: "That sell wall is spoofing, it'll disappear."
Sell Wall: Large sell order at specific price creating resistance.; Example: "Massive sell wall at $100."
Buy Wall: Large buy order at specific price creating support.; Example: "Buy wall at $90 protecting the price."
Dry Powder: Cash reserves ready to deploy on opportunities.; Example: "Keeping dry powder for the next dip."
Sidelined: Not having active positions, waiting for opportunity.; Example: "Sitting sidelined until there's a clear trend."
All In: Investing entire available capital into one asset.; Example: "Going all in on this play."
YOLO: You Only Live Once - making risky investment decisions.; Example: "YOLO'd my savings into this memecoin."
Size: Amount of capital in a position.; Example: "What's your size on this trade?"
Overexposed: Having too much capital in one asset or sector.; Example: "I'm overexposed to DeFi tokens."
Underwater: Position currently at a loss.; Example: "I'm underwater on my ETH position."
In The Money: Position currently profitable.; Example: "Finally in the money after months of waiting."
Break Even: Position at same price as entry, no profit or loss.; Example: "Just trying to break even at this point."
Green Candle: Price increase shown as green bar on charts.; Example: "Love waking up to green candles."
Red Candle: Price decrease shown as red bar on charts.; Example: "Nothing but red candles this week."
Bart: Chart pattern resembling Bart Simpson's head.; Example: "Classic Bart formation, pump then dump."
Wyckoff: Trading method based on market cycles and manipulation.; Example: "This looks like a Wyckoff accumulation phase."
TA: Technical Analysis - using charts to predict price.; Example: "My TA says we're going to $100k."
FA: Fundamental Analysis - evaluating project fundamentals.; Example: "TA looks bad but FA is solid."
Cope Trade: Trade made to recover losses, often emotionally driven.; Example: "That's a cope trade, don't revenge trade."
Revenge Trade: Trading to recover losses, usually making things worse.; Example: "Stop revenge trading, take a break."
Tilt: Emotional state leading to poor trading decisions.; Example: "I'm on tilt after that loss."
Scalp: Quick trade for small profit.; Example: "Just scalping small moves today."
Swing: Trade held for days to weeks.; Example: "This is a swing trade, not day trading."
Position Trade: Long-term trade held for months.; Example: "This is a position trade for the whole cycle."

DeFi

Rug Pull: A scam where developers abandon a project and steal invested funds.; Example: "That project was a rug pull, devs vanished with $10M."
Yield Farming: Strategy of moving crypto between protocols to maximize returns.; Example: "I'm yield farming on five different platforms."
Liquidity Pool: Smart contract holding tokens to facilitate decentralized trading.; Example: "Added my tokens to the liquidity pool for rewards."
Impermanent Loss: Loss in value when providing liquidity compared to simply holding the assets.; Example: "Suffered impermanent loss when ETH pumped 50%."
TVL: Total Value Locked - amount of assets deposited in a DeFi protocol.; Example: "That protocol has $5B TVL."
APY: Annual Percentage Yield - yearly return including compound interest.; Example: "This farm offers 200% APY."
APR: Annual Percentage Rate - yearly return without compounding.; Example: "The staking APR is 15%."
Dex: Decentralized Exchange - trading platform without central authority.; Example: "Swapped my tokens on a DEX to avoid KYC."
CEX: Centralized Exchange - traditional crypto exchange like Binance or Coinbase.; Example: "Moved my funds from CEX to self-custody."
Airdrop: Free distribution of tokens to wallet addresses, often as marketing or reward.; Example: "Got a huge airdrop for using that protocol early."
Farming: Staking or providing liquidity to earn token rewards.; Example: "Farming rewards on this new protocol are insane."
Staking: Locking tokens to support network operations and earn rewards.; Example: "Staking my ETH for 5% APY."
Soft Rug: Slow abandonment of project rather than sudden theft.; Example: "Team stopped updating, this is a soft rug."
Hard Rug: Sudden, complete theft of funds by developers.; Example: "Liquidity drained in seconds, hard rug."
LP: Liquidity Provider - someone providing tokens to pools.; Example: "Being an LP has good rewards but risks."
LP Token: Token representing share of liquidity pool.; Example: "Don't lose your LP tokens."
Locked Liquidity: LP tokens locked for set period, preventing rug pulls.; Example: "Liquidity locked for 1 year, looks safe."
Renounced: Developer has given up contract ownership.; Example: "Contract renounced, no one can change it."
Audit: Professional security review of smart contract code.; Example: "Always check if there's an audit."
Unaudited: Smart contract without professional security review.; Example: "Using unaudited contracts is risky."
KYC: Know Your Customer - identity verification requirement.; Example: "Team is KYC'd, adds some trust."
Doxxed: Team members have revealed their identities.; Example: "Fully doxxed team, less likely to rug."
Anon Team: Development team with unknown identities.; Example: "Anon team is risky but common in crypto."
Flash Loan: Uncollateralized loan that must be repaid in same transaction.; Example: "Flash loan attacks have drained millions."
Flash Loan Attack: Exploit using flash loans to manipulate prices.; Example: "Protocol got hit by a flash loan attack."
Exploit: Attack taking advantage of code vulnerability.; Example: "New exploit discovered, don't interact."
Drain: Removing all funds from a protocol or wallet.; Example: "Hacker drained the protocol completely."
Vampire Attack: Protocol offering incentives to steal users from competitors.; Example: "SushiSwap's vampire attack on Uniswap."
Fork: Copy of existing protocol with modifications.; Example: "Another Uniswap fork launched today."
Food Coin: DeFi token named after food, popular in 2020.; Example: "SUSHI, YAM, PICKLE - all food coins."
Degen Farm: High risk, high reward yield farming opportunity.; Example: "That degen farm offers 10000% APY."
Ponzinomics: Tokenomics that rely on new buyers to pay old holders.; Example: "That APY is unsustainable, pure ponzinomics."
Sustainable Yield: Returns generated from real protocol revenue.; Example: "Looking for sustainable yield, not printed tokens."
Real Yield: Yield paid in major tokens from actual revenue.; Example: "Protocol distributes real yield in ETH."
Emissions: New tokens being created and distributed.; Example: "High emissions mean constant sell pressure."
Inflation: Rate of new token supply being created.; Example: "Token has 100% inflation per year."
Deflationary: Token supply decreases over time through burns.; Example: "Deflationary tokenomics with 2% burn on transfers."
Burn: Permanently removing tokens from circulation.; Example: "Team burns 50% of supply."
Buyback: Protocol using revenue to buy and often burn tokens.; Example: "Weekly buyback and burn mechanism."
Vesting: Gradual release of locked tokens over time.; Example: "Team tokens vest over 2 years."
Cliff: Initial period before vested tokens start releasing.; Example: "6 month cliff before any tokens unlock."
Token Unlock: Scheduled release of locked tokens.; Example: "Big token unlock next week, expect selling."
Fully Diluted: Market cap if all tokens were in circulation.; Example: "Fully diluted valuation is $10B."
Circulating Supply: Tokens currently available in the market.; Example: "Only 10% of supply is circulating."
Max Supply: Total tokens that will ever exist.; Example: "Max supply capped at 1 billion tokens."
Airdrop Farming: Using protocols specifically to qualify for airdrops.; Example: "Airdrop farming Arbitrum paid off big."
Sybil: Creating multiple wallets to game airdrops.; Example: "Sybil attackers got filtered from the airdrop."
Points: Protocol rewards that may convert to tokens.; Example: "Farming points for potential airdrop."

NFT Culture

Floor Price: The lowest listing price for an NFT in a collection.; Example: "The floor price just hit 10 ETH."
PFP: Profile Picture - NFTs designed to be used as social media avatars.; Example: "Changed my PFP to my new ape."
Mint: The process of creating a new NFT on the blockchain.; Example: "The mint sold out in 5 minutes."
Whitelist: Pre-approved list of addresses allowed to mint NFTs before public sale.; Example: "Got whitelisted for the upcoming mint."
Reveal: When NFT metadata is shown after minting, revealing actual artwork.; Example: "Waiting for the reveal to see my traits."
Rarity: How uncommon specific traits in an NFT collection.; Example: "This one has legendary rarity traits."
Sweep: Buying multiple NFTs from a collection, usually at floor price.; Example: "A whale just swept 100 NFTs from the collection."
Paper Hand: Selling NFTs quickly at low prices instead of holding.; Example: "Don't paper hand your rare NFT."
Diamond Hand: Holding NFTs through volatility without selling.; Example: "Diamond handing this collection to the moon."
Blue Chip: Established, highly valued NFT collections like CryptoPunks or BAYC.; Example: "Only investing in blue chip NFTs now."
Delist: Remove NFT from sale listings.; Example: "Whales delisting, expecting pump."
List: Put NFT up for sale.; Example: "Don't list below floor."
Accept Offer: Sell NFT to existing bid.; Example: "Accepted an offer below floor, needed ETH."
1/1: One of one, unique NFT artwork.; Example: "Just dropped a new 1/1."
Generative: NFT art created by algorithm.; Example: "Art Blocks does generative NFTs."
Derivative: NFT collection inspired by or copying another.; Example: "That's just a BAYC derivative."
Airdrop: Free NFT sent to existing holders.; Example: "Holders getting an exclusive airdrop."
Free Mint: NFT that costs only gas to mint.; Example: "Free mint dropped, only pay gas."
Gas Only: Mint cost is just network fees.; Example: "Gas only mint launching at 6pm."
Dutch Auction: Mint price starts high and decreases over time.; Example: "Dutch auction starting at 5 ETH."
Allowlist: Modern term for whitelist.; Example: "Got on the allowlist through Discord."
WL: Whitelist abbreviation.; Example: "Grinding for WL spots."
FCFS: First Come First Served mint.; Example: "Public mint is FCFS."
Raffle: Random selection for mint spots.; Example: "10,000 entries for 500 raffle spots."
Rug NFT: NFT project that abandoned promises.; Example: "Roadmap never delivered, total rug NFT."
Utility: Real-world or digital benefits of holding NFT.; Example: "What's the utility besides JPEGs?"
Roadmap: Planned features and timeline for NFT project.; Example: "Check the roadmap for upcoming features."
CC0: No copyright, free to use commercially.; Example: "Nouns is CC0, anyone can use it."
IP: Intellectual Property rights to NFT.; Example: "Full IP rights come with purchase."
Grail: Highly sought-after rare NFT.; Example: "Finally got my grail, alien punk."
Bag Flip: Quick resale for profit.; Example: "Easy bag flip on that free mint."
Flip: Buy and resell NFT for profit.; Example: "Flipped it for 2x in an hour."
Szn: Season - period of NFT market activity.; Example: "NFT szn is back!"
NGMI NFT: NFT that's unlikely to succeed.; Example: "That collection is NGMI, zero utility."

Technical & Blockchain

Smart Contract: Self-executing code on blockchain that runs when conditions are met.; Example: "The smart contract handles all transactions automatically."
Gas War: Competition where users pay higher fees to get transactions processed first.; Example: "The mint caused a massive gas war."
Bridge: Protocol for transferring assets between different blockchains.; Example: "Bridged my ETH to Arbitrum for lower fees."
Wallet: Software or hardware for storing cryptocurrency private keys.; Example: "Keep your crypto in a hardware wallet."
Seed Phrase: Recovery words that can restore access to a crypto wallet.; Example: "Never share your seed phrase with anyone."
Private Key: Secret code that proves ownership and allows spending of cryptocurrency.; Example: "Not your keys, not your coins."
Public Key: Wallet address that can be shared publicly to receive cryptocurrency.; Example: "Send the payment to my public key address."
Layer 1: Base blockchain network like Ethereum or Bitcoin.; Example: "Ethereum is a Layer 1 blockchain."
Layer 2: Scaling solution built on top of Layer 1 for faster/cheaper transactions.; Example: "Optimism is a Layer 2 solution for Ethereum."
EVM: Ethereum Virtual Machine - runtime environment for smart contracts.; Example: "This chain is EVM compatible."
Oracle: Service providing external data to smart contracts.; Example: "Chainlink is the most popular oracle."
MEV: Maximal Extractable Value - profit from reordering transactions.; Example: "MEV bots are extracting value from traders."
Mempool: Waiting area for unconfirmed transactions.; Example: "Transaction stuck in mempool."
Pending: Transaction waiting to be confirmed.; Example: "My swap has been pending for 10 minutes."
Failed Transaction: Transaction that didn't complete but still cost gas.; Example: "Paid gas for a failed transaction."
Revert: Transaction rejected by smart contract.; Example: "Transaction reverted, check your parameters."
Nonce: Transaction counter for wallet.; Example: "Stuck transaction, need to increase nonce."
Block: Group of transactions confirmed together.; Example: "Waiting for next block confirmation."
Finality: Point where transaction cannot be reversed.; Example: "Wait for finality before considering it done."
Consensus: Agreement mechanism between network nodes.; Example: "Proof of Stake consensus uses validators."
Node: Computer participating in blockchain network.; Example: "Running my own Ethereum node."
Validator: Node that confirms transactions in PoS systems.; Example: "Running a validator for ETH staking."
Miner: Computer solving puzzles in PoW systems.; Example: "Bitcoin miners secure the network."
Hash: Unique digital fingerprint of data.; Example: "Check the transaction hash to verify."
Tx Hash: Transaction hash - unique identifier for transaction.; Example: "Give me the tx hash to track it."
Block Explorer: Website to view blockchain transactions.; Example: "Check Etherscan, the block explorer."
Etherscan: Popular Ethereum block explorer.; Example: "Verified the contract on Etherscan."
Contract: Program deployed on blockchain.; Example: "Check if the contract is verified."
Proxy Contract: Upgradeable smart contract pattern.; Example: "It's a proxy contract, can be modified."
Multisig: Wallet requiring multiple signatures.; Example: "Treasury controlled by multisig."
Cold Wallet: Offline wallet for secure storage.; Example: "Keep long-term holdings in cold wallet."
Hot Wallet: Online wallet for active trading.; Example: "Only keep trading funds in hot wallet."
Hardware Wallet: Physical device for secure key storage.; Example: "Get a Ledger or Trezor hardware wallet."
Self Custody: Controlling your own private keys.; Example: "Self custody is the way, not your keys not your coins."
Revoke: Remove smart contract permission to spend tokens.; Example: "Always revoke approvals after using DeFi."
Approval: Permission for contract to spend tokens.; Example: "Check unlimited approvals, they're risky."
Unlimited Approval: Contract can spend unlimited tokens forever.; Example: "Unlimited approval got his wallet drained."
Testnet: Test blockchain network for development.; Example: "Try it on testnet first."
Mainnet: Live blockchain network with real value.; Example: "Protocol launched on mainnet."
RPC: Remote Procedure Call - blockchain connection endpoint.; Example: "Switch to a different RPC if it's slow."
Wrapped: Token representing another asset on different chain.; Example: "WBTC is wrapped Bitcoin on Ethereum."

Market Cycles & Sentiment

Bull Market: Extended period of rising prices and optimism.; Example: "We're in the middle of a bull market."
Bear Market: Extended period of falling prices and pessimism.; Example: "Bear market is the best time to accumulate."
Crab Market: Sideways price action with no clear direction.; Example: "Tired of this crab market, want some action."
Bullish: Optimistic about price going up.; Example: "Very bullish on this project long term."
Bearish: Pessimistic about price going down.; Example: "Feeling bearish after that news."
Capitulation: Mass selling due to panic, often marks market bottom.; Example: "Full capitulation happening, blood in the streets."
Accumulation: Period of buying and collecting assets at low prices.; Example: "Smart money is in accumulation mode."
Distribution: Period where large holders sell to smaller investors.; Example: "This looks like distribution before a dump."
Halving: Bitcoin event where mining rewards are cut in half.; Example: "The halving usually triggers a bull run."
Supercycle: Theory of extended bull market without typical corrections.; Example: "Some believe we're in a Bitcoin supercycle."
Cycle: Four-year market pattern tied to Bitcoin halving.; Example: "This cycle should peak in 2025."
Alt Season: Period when altcoins outperform Bitcoin.; Example: "Alt season is here, everything pumping."
BTC Dominance: Bitcoin's percentage of total crypto market cap.; Example: "BTC dominance falling means alt season."
Flight To Safety: Moving funds from risky assets to stable ones.; Example: "Flight to safety into BTC and stables."
Risk On: Market sentiment favoring risky investments.; Example: "Risk on environment, time for alts."
Risk Off: Market sentiment avoiding risky investments.; Example: "Risk off, rotating to BTC."
Euphoria: Peak optimism often marking market tops.; Example: "This euphoria feels like a top signal."
Despair: Peak pessimism often marking market bottoms.; Example: "Maximum despair, probably time to buy."
Fear & Greed Index: Indicator measuring market sentiment.; Example: "Fear & Greed at extreme fear, buying time."
Extreme Fear: Very pessimistic market sentiment.; Example: "Extreme fear on the index, historically bullish."
Extreme Greed: Very optimistic market sentiment.; Example: "Extreme greed, time to take profits."
Blood In The Streets: Extreme market crash and panic.; Example: "Blood in the streets, buy when others are fearful."
Blow Off Top: Rapid price spike marking cycle peak.; Example: "That parabolic move was a blow off top."
Parabolic: Extremely rapid exponential price increase.; Example: "Price went parabolic, up 500% in a week."
Consolidation: Price moving sideways after big move.; Example: "Healthy consolidation before next leg up."
Correction: Price pullback within overall uptrend.; Example: "Just a 20% correction, stay calm."
Dip: Temporary price decrease.; Example: "Buying this dip with both hands."
Crash: Severe rapid price decline.; Example: "Market crashed 40% in a day."
Black Swan: Unexpected event causing massive market impact.; Example: "COVID was a black swan event."
Macro: Broader economic factors affecting crypto.; Example: "Bad macro environment hurting crypto."
Fed: Federal Reserve - US central bank affecting markets.; Example: "Fed decision tomorrow, expect volatility."
FOMC: Federal Open Market Committee meeting.; Example: "FOMC day, markets are nervous."
CPI: Consumer Price Index - inflation measure.; Example: "CPI came in hot, markets dumping."
Inflation Hedge: Asset protecting against currency devaluation.; Example: "Bitcoin is the ultimate inflation hedge."
Digital Gold: Bitcoin as store of value like gold.; Example: "BTC is digital gold for the modern era."
Sound Money: Money with limited, predictable supply.; Example: "Bitcoin is sound money."
Store Of Value: Asset that maintains purchasing power over time.; Example: "BTC as a store of value thesis."
Uptober: October historically being bullish for crypto.; Example: "Uptober never fails, expecting gains."
Rektember: September historically being bearish for crypto.; Example: "Rektember living up to its name."

This page was last edited on 15 January 2026.

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