Glossary term

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Describes a trader, position, token, or project that is in serious trouble, suffering heavy losses, or seen as unlikely to recover.

  • Updated March 20, 2026
  • First published March 20, 2026
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

Describes a trader, position, token, or project that is in serious trouble, suffering heavy losses, or seen as unlikely to recover.