REKT (or rekt) is a misspelling of “wrecked”.
See Also
What is FUD Meaning in Crypto: Deciphering Market Sentiments | LiteFinanceFear, Uncertainty, and Doubt – EffectiviologyFederal University Dutse – Knowledge, Excellence & ServiceFUD to USD: Aavegotchi FUD Price in US Dollar | CoinGecko“Getting rekt” refers to a cryptocurrency trader who is utterly ruined and destroyed due to losses from a recent price crash.
Rekt is what happens when crypto traders get swept up by FOMO and end up becoming the victim of a pump and dump. You get rekt.
For instance, let’s say you put more all of your savings on DOGE just after its price soared due to a tweet from Elon Musk.
One day later, the price of DOGE plummets to less than 50% of the previous day’s value because crypto whales decided to dump and you’re now a bag holder. In this scenario, you got REKT.
The slang term comes from the online gaming world where it means to “lose badly”.
