Solanas Biggest DeFi Lender Almost Got Rekt Then Binance Stepped In

They don’t holistically check to see if a trade will crash the markets, or worse, the chain. BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies. A BearWhale is a dangerous creature because he/she/it tries to sell large quantities of bitcoin on the open market, lowering the price for everyone else. The only known sighting of one in the wild occurred on October 2014 on the Slovenian Bitstamp exchange. The slang term comes from the online gaming world where it means to “lose badly”. In the world of blockchain and cryptocurrencies, rekt is used to describe a severe financial loss, caused by a bad trade or investment.

In quick gameplay sessions, you will complete various challenges to unlock cars, arenas, and customizations. A statement used when about to 360 noscope someone, or when after 420 smoke weed everyday MLG blaze it oh baby a triple quickscoping someone. There are 3 immigration records available for the last name Rekt. Passenger lists are your ticket to knowing when your ancestors arrived in the USA, and how they made the journey – from the ship name to ports of arrival and departure. Historically, surnames evolved as a way to sort people into groups – by occupation, place of origin, clan affiliation, patronage, parentage, adoption, and even physical characteristics . Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. The word in the example sentence does not match the entry word. Improve your vocabulary with English Vocabulary in Use from Cambridge. Learn the words you need to communicate with confidence. This is the 5th time I’ve ordered from ElephantStock and I am pleased with all my purchases so far.

Other questions about “Rekt”

On Jan. 5 it camewithin a hair’s breadth of surpassing its all-time high; then it lost billions in market value on fears of a Chinese government clampdown. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey. “Getting rekt” refers to a cryptocurrency trader who is utterly ruined and destroyed due to losses from a recent price crash.

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Meanings and usages of similar words and phrases

Rooter said Solend’s team asked the ballot whale to vote after fretting over SLND1 low turnout. He said they did not ask the whale, who is active on Discord to vote yes or no, only that they participate. Unable to broadcast their message privately, Rooter took the plea for the whale’s attention public on Twitter. This spooked users into pulling their money from Solend en masse, emptying the vaults much as would happen in a bank run.

Within the online gaming community, the term rekt is usually describing a player that was defeated in an embarrassing or silly way. Or someone that is losing very badly in a competition. But, the oldest use of the slang is perhaps the one originally found in British English, where rekt was used when referring to a person that got too drunk or messed up. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. The term rekt derives from the word “wrecked.” In general, rekt is a slang used to define something that got completely destroyed or a person that experienced a catastrophic failure. However, the term may carry different meanings depending on the context.

Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. For the people still interested in buying the NFTs, it is currently available on OpenSea and LookRare platforms. At the time of writing, the floor price is 0.85 ETH with 4.1k ETH in traded volume. Rekt is a phonetic reimagining of the word, wrecked. Being rekt does not necessarily mean that a loss has been made, as there is always prevailing hope that the fallen value of a crypto asset shall rise again to a new ATH. This tweet in particular meant that the user “went long” on a trade, buying the coin with the expectation to hang on and sell it later at a higher price. When the price dropped, Bitmex automatically cashed the user out — at a lower price than they originally bought it for. The account is part of a larger trend, where people leverage the open nature of the blockchain to troll each other and see where the money is moving. HiNative is a platform for users to exchange their knowledge about different languages and cultures.

The world’s largest crypto exchange delivered a message to the account on Rooter’s behalf. Developers tried Reddit posts, on-chain messages, even Twitter memes, hoping to alert the anonymous account of its impending fate. On January 3rd, 2014, an anonymous 4chan user posted a story about finding out his girlfriend was tested positive for HIV, which received the reply “LOL rekt” . A screenshot of the thread was subsequently submitted to the /r/4chan subreddit, where it accumulated upwards of 1,900 up votes and 70 comments within the next month. Bagholder— An investor who has been hodling for too long, and is left to face the consequences. Also refers to the many pump-and-dump schemesinvolving thinly traded “altcoins” (cryptocurrencies that aren’t bitcoin, which function more like penny stocks) on the scene. A versatile term that can also be used to refer to holders of state-issued “fiat” currency.

rekt ​Definitions and Synonyms

Read more about rekt meaning here. ReKTGlobal is a cutting-edge digital entertainment organization that helps connect brands with what’s now and what’s next, from traditional sports and esports to social media, music, and more. Around this time, “get rekt” started showing up on meme platforms such as 4chan. Canfield is a full-time cryptocurrency investor and has an active Twitter following of his own. A former pharmaceutical trader, he became a “crypto influencer” by warning people about cryptocurrency scams. To add insult to injury, REKT automatically tweets out how much those users lost, along with funny phrases and emojis that indicate just how bad the loss was. The Twitter bot REKT shares liquidation events from the cryptocurrency exchange Bitmex. This page explains what the slang term “Rekt” means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team. I liked my first set of the sliced fruit so well that I ordered another set for my second home.

• On Jan. 5 it camewithin a hair’s breadth of surpassing its all-time high; then it lost billions in market value on fears of a Chinese government clampdown.
• ReKT is also home to the esports industry’s most robust media and marketing agency business, consulting brands, properties, and influencers.
• It’s an imperfect system for managing purportedly decentralized systems, albeit a popular one.
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• This tweet in particular meant that the user “went long” on a trade, buying the coin with the expectation to hang on and sell it later at a higher price.

It is hoped that it is the answer to your need. When you have been REKT, you have suffered a bad loss in a trade or series of trades. Other situations you might encounter the slang is if someone is really drunk, or high, and they were partying so hard they got “rekt”. The slang is usually seen on gamer platforms, either in-game or during player live-streams, and refers to the player getting dominated by other players or NPCs. Another bot account called Whale Alert, tracks the movement of large amounts of bitcoin. As a complement to REKT, its tweets show the massive sums of cryptocurrency moving around the whole ecosystem.

Join Macmillan Dictionary on Twitter and Facebook for daily word facts, quizzes and language news. Refers to the action of purchasing an asset while it is rapidly declining in price under the expectation th… This shows grade level based on the word’s complexity.

That eerie prospect threatened to become a nightmarish reality last week for Solend, Solana’s second-biggest decentralized finance outpost. Its single-largest user – a wallet with $107 million in USDC borrowed against $170 million in SOL collateral – was on the verge of liquidation and completely MIA. On January 13th, YouTuber TheCampingTree uploaded a video titled “Get Rekt,” in which he encounters a player who tells him to “get rekt” in the online survival horror game DayZ . The result was a sudden but temporary flattening of the bitcoin price. It was temporary because hodlers and whales assembled to soak up the BearWhale’s coins, successfully slaying it. This event was commemorated with artworkof the battle, such as the picture atop this post.

360 degrees headshot with a sniper rifle without even aiming in some random Call of Duty game . I don’t remember seeing “get rekt”, I do remember seeing “rekt” and “got rekt” for describing catastrophic failure to perform. Connect and share knowledge within a single location that is structured and easy to search. New technology is upending everything in finance, from saving to trading to making payments. These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Since mining requires computing power, the process of generating or mining cryptocurrency using a central p… An alternative term to Fish, describing someone with a small crypto investment. Yield curve control (“YCC”), also sometimes called interest rate pegs, is where bond yields are set by the…

Their token holders get to vote on new listings, rate hikes, partnerships, that sort of thing. The bigger the user’s token trove, the weightier its opinion. It’s an imperfect system for managing purportedly decentralized systems, albeit a popular one. Ultimately, it was CeFi giant Binance who woke the whale, Solend’s pseudonymous co-founder Rooter told CoinDesk.