Rekt News

“Rekt” is a misspelling of the word “wrecked.” It is often used in the following manner: “Get rekt.” The slang term is often used to refer to a cryptocurrency trader suffering a significant loss from a bad cryptocurrency trade. The popular meme has been around since 2013 and is used mostly on forums and in Twitter communities around the crypto world.

In addition, the term rekt can also refer to a depreciating digital asset. For example, consider the following scenario: Alice invests more than half of her savings in “Token A” when its price is rising. And a week later, due to peg instability, the price of Token A loses 99% of its value from the previous week. In this case, it is reasonable to say that Token A got rekt, along with Alice.