Crypto Slangs You Probably Never Heard About ;) Part2

• Moon:
  This phrase is used to describe when a particular coin is seeing an upward momentum in volume and transactions. This singular act in the crypto space is referred to as going "to the moon" or "mooning".

• Whale:

Anyone holding lots as much as 1000 Bitcoins is referred to as a whale. Whales are the ones who call the shot in the crypto space, they have the sole capacity and potential to move markets with their trades drastically.

• Rekt:

The term Rekt originally is derived from a gaming context which ultimately means to lose badly against your opponent. In the crypto space, this refers to getting swept up by FOMO (fear of missing out), and sadly becoming the victim of a pump-and-dump saga.

• Pump And Dump:

A pump and dump-scheme is orchestrated to artificially inflate the price of an asset and take out profits before it tumbles back to earth. This eventually happens when a group of traders works hand in hand to drive up the price of a specific small-cap altcoin. When the prices rise, the group will drastically promote the opportunity on social media handles like Twitter, Discord, Reddit, Facebook, and Youtube, by so doing this will attract more investors to buyup the coin as such driving the price up further. When this asset hits its target value, the group will quickly sell thereby taking some significant profit out.

• Memecoin:

Meme coins are funny-looking creatures, art, humans making silly faces, or just about anything that will put a smile on people's faces. One of the most popular coins among them all was called Dogecoin (DOGE), which was the favorite coin of the richest man in the world Elon Musk.

In summary, these slangs were born out of the need to put some swag and fun around the crypto industry, making it more fun and eye-catching to the new members of cryptocurrency and blockchain technology respectively.