Luno - Glossary: Rekt

Slang for suffering heavy losses.

Rekt, from the word wrecked, is slang for taking heavy losses on a trade or position. It is common in online crypto communities.

How it is used

The term is often used with a mix of humour and hard-won caution. It is a description of an outcome, not any kind of advice.

A scheme that inflates a price then sells off, leaving others with losses.

A scam where a project’s team abandons it and takes investors’ funds.

A measure of the gain or loss on an investment relative to its cost.

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