The term “rekt” should be pretty simple among the younger generation as well as people who use the internet regularly. Rekt meaning is “wrecked”. It more often than not describes somETHing that got completely destroyed or someone who has experienced some form of setback.
In the world of blockchain and cryptocurrencies, rekt is used to describe a severe financial loss, caused by a bad trade or investment. Therefore, rekt is often used to describe someone that got liquidated after losing a high-leveraged trade.
The slang may also describe an asset that lost too much of its value or a market that dropped significantly (e.g., "this coin is rekt," or "the market is rekt"). For example, imagine that Bob made a heavy investment on a cryptocurrency token through an ICO. But when the token finally hit the market, they were trading at a much lower price than Bob paid during the ICO crowd sale. In such a scenario, we may say that the token got rekt, which resulted in Bob and all bagholders getting rekt as well.
The term rekt is very common among the online gaming community, where it describes someone getting defeated or humiliated.
In conclusion, rekt meaning is wrecked, and it typically stands for someone who has made a huge financial loss in the market.
