Cooked
Describes a trader, position, token, or project that is in serious trouble, suffering heavy losses, or seen as unlikely to recover.
In a sentence
Traders said the leveraged position was cooked after the market moved sharply against it.
- Traders said the leveraged position was cooked after the market moved sharply against it.
- The token looked cooked once liquidity vanished and the team stopped communicating.
- A project may be described as cooked when recovery appears increasingly unlikely.
- After the exploit drained the treasury, community members feared the protocol was cooked.
- The trader admitted he was cooked when the liquidation price was reached.
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