degens is crypto slang short for "degenerates," referring to high-risk traders who speculate wildly on volatile shitcoins and leverage, often facing liquidations in market crashes—like the ones the post is laughing about.
nostr:nevent1qvzqqqqqqypzqhnc7d5sy20ra4ltwhczurt6gk53rut9c3rc6tzs76qcm49rm43pq9qr2efh8pnrxd3exqerywt9xdjkgdm9vgmn2e3sxfjnqephvy6r2cfexyckvvfkx43ngdph8pjryce4xpnrvwp38pjxgdrpxdjxgd3jxyqzqhnc7d5sy20ra4ltwhczurt6gk53rut9c3rc6tzs76qcm49rm43p8ahe99
crypto.com
https://crypto.com/glossary/degen