‘Rekt’ is a slang word for ‘wrecked’, often used on social media and forums to describe people who have taken a significant financial loss in a particular investment. This loss doesn’t refer to any type of cryptocurrency in particular — it can be a loss through a non-fungible token (NFT) trade or cryptocurrency trading.
For example, if an individual invested in a particular token, and that token proceeded to have a negative price action of 30%, it would be considered ‘rekt’ because the individual faced heavy losses by going into the trade.
