“Rekt” is a slang term for being financially wiped out after a disastrous trade or investment, often implying a near-total loss. It is informal jargon rather than a formal financial term.
“Rekt” is also sometimes used as a token name by unrelated crypto projects. There is no single, official “Rekt token” tied to the slang itself, and its value depends entirely on the specific project and market it trades on, so you must check the exact contract and live market price for the particular token you mean.
For the same reason, there is no guaranteed “Rekt” listing on Binance or any other major exchange. If you see a token marketed as Rekt, confirm the exact project name and contract address, then verify which exchanges (if any) support that specific asset.
What Does It Mean to Get Rekt in the Crypto Market?
Stemming from the word “wrecked,” the expression rekt is crypto slang for a sharp, painful financial loss. It can describe a person, a protocol, or a position that has suffered severe damage.
Different situations can earn the label:
- Coin price crashes
- Investor buys into a token that drops to near zero
- DeFi protocol exploited and liquidity drained
Liquidation is a specific mechanism with a defined trigger; getting rekt is broader slang that can include liquidation but also covers situations where there is no forced close—just a brutal loss, a bad entry, or a trade that spirals out of control.
In fast-moving markets, most “rekt” stories trace back to the same pattern: too much leverage, too little liquidity, and no plan for what to do when the trade moves against you.
If you want real-world examples, people commonly share “got rekt” stories and post-mortems on X, Reddit, Telegram and Discord trading groups, and long-running crypto forums. You will also see recap threads in community channels around major market moves, liquidations, and high-profile failures.
The phrase first spread through gaming circles and online forums, where a player defeated in humiliating fashion would be called rekt; from there it moved into social media and blockchain chatter. It showed up online well before crypto adopted it, and it became especially common in crypto discussions during the early-to-mid 2010s.
How to Avoid Severe Losses
Because crypto is volatile, operating without a clear strategy can result in heavy losses. To reduce the odds of getting wiped out, keep these practices in mind:
- Investigate projects before you invest. Review documentation, the team, and the roadmap.
- Do not risk more than you can afford to lose, especially with margin trades or futures contracts.
- Use stop-loss orders or clear exit rules so one bad move does not turn into an outsized loss.
- Avoid or strictly limit leverage until you understand liquidation mechanics and can manage collateral confidently.
- Store long-term holdings in secure wallets, and use strong account security (such as 2FA) on any exchange you use.
