Crypto degen meaning

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What does a �Degen� mean in crypto?! #web3 #crypto #nft
DeFi degenerates. A subculture associated with a disreputable corner of decentralized finance known for pump and dump schemes. The word "degen" plays off the phrase "degenerate gambler," which suggests a familiarity with the possibility of financial catastrophe. Many. Degan crypto is essentially a subculture that exists in the defi space. This subculture is associated with unruly elements, pump and dump schemes, meme coins.