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What is REKT?

Rekt is a term used frequently in the crypto world to describe someone who has suffered a significant financial loss as a result of a bad trade or investment. Internet slang for "wrecked" is REKT (or rekt), which means highly damaged or destroyed and ruined.

Additionally, the term "REKT" can also refer to a depreciating digital asset. One may say that X Coin got rekt in the scenario with Bob from the previous example.

In the cryptocurrency ecosystem, the slang term "get rekt" is used to indicate a scenario in which an investor has experienced a substantial financial loss. It is frequently used to alert novice traders who might be about to take a dangerous position.

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