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Rekt
‘Rekt’ is a slang word for ‘wrecked’, often used on social media and forums to describe people who have taken a significant financial loss in a particular investment. This loss doesn’t refer to any type of cryptocurrency in particular — it can be a loss through a non-fungible token (NFT) trade or cryptocurrency trading.
For example, if an individual invested in a particular token, and that token proceeded to have a negative price action of 30%, it would be considered ‘rekt’ because the individual faced heavy losses by going into the trade.
Key Takeaway
In the cryptocurrency world, the term ‘rekt’ is a slang word for ‘wrecked’, which means to receive a significant loss in a trade or investment.