THE LANGUAGE OF CRYPTO

Crypto, decoded.

The ideas, slang and stories behind crypto.
A new daily pick. A whole dictionary to explore.

Daily pick
Beginner

FOMO

Fear of missing out: the feeling of urgency when others appear to be benefiting from an opportunity.

In crypto conversations it often describes pressure to join a rising market or popular project before investigating it. FOMO identifies a feeling or motivation, rather than evidence that an opportunity is good.

IN THE WILD
Seeing screenshots of other people's gains gave me FOMO about a token I had never researched.
Full definition & source

Beginner

FUD

Fear, uncertainty and doubt: shorthand for anxious sentiment or negative narratives around a project, asset or market.

Communities sometimes apply the label to rumors, adverse news or criticism. Calling something FUD does not show that it is false; a concern can be legitimate even when supporters dislike hearing it.

IN THE WILD
The forum called the warning FUD, while another member asked to see the underlying evidence.
Full definition & source

Beginner

DYOR

Do your own research: a common reminder to investigate claims independently rather than rely on another person's enthusiasm.

The phrase appears in project discussions and market commentary. It does not specify a complete research method, guarantee safety or excuse misleading promotion; the quality of the evidence still matters.

IN THE WILD
The post ended with DYOR, so I checked the project documentation and the actual contract permissions.
Full definition & source

Beginner

Degen

Slang for someone taking highly speculative crypto positions, often with limited research or a gambling-like approach.

Shortened from degenerate, the word can be criticism, humor or a self-applied community identity. It describes a style or attitude toward risk and does not imply trading skill, reliable information or likely success.

IN THE WILD
He called buying the unfamiliar token without reading its rules a degen move.
Full definition & source

Beginner

WAGMI

We're all gonna make it: an expression of shared optimism used in crypto and other online communities.

People use it to encourage a group, celebrate progress or signal confidence during uncertainty. It communicates sentiment and belonging, rather than a measurable forecast or a promise that everyone will profit.

IN THE WILD
After the community finished its project demo, the chat filled with WAGMI messages.
Full definition & source

Beginner

NGMI

Not gonna make it: online shorthand expressing doubt, disappointment or criticism about a choice or outcome.

Crypto users may apply it to themselves, another participant or a project, sometimes as a joke. It is the pessimistic counterpart to WAGMI and expresses an opinion rather than demonstrating future failure.

IN THE WILD
I sent the test transaction to the wrong network and joked, NGMI, while checking what had happened.
Full definition & source

Beginner

REKT

A slang spelling of wrecked, used in crypto to describe a severe loss or a badly damaged trading position.

The expression can refer to a trader, an asset or a market decline. It often appears around leveraged losses and liquidations, but does not specify an exact percentage loss or a particular technical event.

IN THE WILD
My leveraged position got REKT when the market reversed and the exchange liquidated it.
Full definition & source

Rug pull

A scam in which project controllers exploit their position to take value or abandon users after attracting funds.

Methods can include draining controlled liquidity or abusing privileged contract functions. The phrase does not describe every price decline or failed project.

IN THE WILD
A project operator removes liquidity they alone control after promoting token sales.
Full definition & source

Beginner

Gas

Ethereum's unit for measuring the computational and storage work required by transaction execution.

Gas accounting limits resource use. The transaction fee depends on gas consumed and the effective price paid per unit.

IN THE WILD
A token transfer consumes gas for executing contract instructions.
Full definition & source