Degen
Etymology
Clipped from "degenerate," borrowed from sports-betting slang for a compulsive gambler. Crypto and DeFi communities adopted it, often proudly, for those who chase volatile tokens and long odds. The self-deprecating tone is part of the meaning.
noun · /DEE-jen/
A reckless, high-risk gambler or speculator, often used self-mockingly in crypto circles.
What it names
It captures a self-aware identity — knowingly making irresponsible bets for the thrill — and marks a community that treats recklessness as a badge.
Example
Full degen move: he put his whole paycheck into a meme coin he found an hour ago.
Related idea
Contrast a fiduciary, legally bound to act prudently with others’ money; a degen embraces the opposite — reckless bets, usually with their own.