What is Degen?

In the crypto world, the term "degen" (short for "degenerate") typically refers to individuals who engage in high-risk, speculative, and sometimes irrational investments. These people often invest in very volatile and uncertain crypto projects, aiming for short-term gains and taking significant risks in the process. "Degen" investors may invest without doing thorough research or evaluating the long-term potential of the projects. The term is often used humorously, but such investment strategies can also lead to substantial losses.