Degen (Slang / Crypto)
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Degen (Slang / Crypto)
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Memecoin
- Name
- Degen (Slang / Crypto)
- Image
- the meme's own image, fixed
- Pair
- $MEME, the mother coin. This coin becomes a child of $MEME.
- Rewards
- 1% of every trade of this child coin, paid to its holders in $MEME
- Website
- kym.fun/memes/degen-slang-crypto
One signature creates the coin on pump.fun (you pay only pump.fun's creation cost, about 0.02 SOL). With a first buy, a second signature buys it right after. The first launch claims this meme for good.
About
Degen is a slang term meaning "degenerate." In the crypto community, the term is used to describe people who make risky, speculative and uneducated trades. Prior to its use in the crypto community, the term is often used to describe gamblers who make risky bets. The term became increasingly popularized online throughout the 2020s in part thanks to the Canadian TV series Letterkenny in which the characters often use the slang to refer to degenerate characters. In 2024 it became increasingly prevalent in relation to meme coins as the cryptocurrencies became more widely traded and discussed onlin
Origin
The full history, spread and examples live on the source entry: Degen (Slang / Crypto) on Know Your Meme.
The Child Coin
Whoever launches this meme first creates its one official child coin of $MEME. The child coin takes this exact image, is priced in $MEME, and pays 1% of its every trade to its holders, in $MEME. After that, the meme is closed here forever.