Degen

Plain reading

Short for 'degenerate,' it describes a trader who knowingly takes extreme risks, often in unaudited protocols, meme coins, or leveraged positions. Unlike a naive investor, a degen is fully aware of the risk and pursues it for the thrill as much as the profit. It is worn as a badge of honor.

The Oracle speaks

The Devil grins because he knows the seeker will return to the table. There is no illusion here, no deception from outside. The chains are loose enough to remove, and that is precisely what makes them so effective. The degen and The Devil understand each other perfectly.