Cooked (Crypto)
A token or position that is ruined or unsalvageable; 'this token is cooked' means it has no recovery path.
Cooked (Crypto) — Cooked in crypto slang means finished, ruined, or in serious trouble. A trader whose portfolio has crashed is 'cooked.' A token with declining volume and price is 'cooked.' The term implies that the situation is beyond recovery — the damage is done and there is no coming back.
What Does Cooked Mean in Crypto?
Cooked describes a state of irreversible loss or failure. It is used for personal portfolios ('my portfolio is cooked'), tokens ('this coin is cooked'), and broader market conditions ('alts are cooked'). The term is more final than 'rekt' — while rekt describes the event, cooked describes the aftermath.
Cooked in Market Context
A cooked token shows consistent downtrend with declining volume, falling holder count, and absent developer activity. A cooked portfolio has suffered losses severe enough that recovery to break-even would require improbable returns. Identifying cooked positions early helps traders cut losses rather than holding hopeless bags.
Cooked vs Other Slang
Cooked is more permanent than 'rekt' (which can happen and be recovered from) and less dramatic than 'goblin town' (which implies market-wide despair). It is a resigned acknowledgment that a position or situation has deteriorated beyond repair.
Related Terms
Rekt
Short for 'wrecked'; describes a trader who has suffered severe financial losses from a bad trade or rug pull.
Read definition Meme Coin & CultureGoblin Town
A crypto meme referring to prolonged market downturns and chaotic conditions; originated from an NFT collection.
Read definition Meme Coin & CultureNGMI (Not Gonna Make It)
A crypto expression used to describe someone making poor investment decisions or selling too early.
Read definition Meme Coin & CultureBottom Signal
A market event or behavior ironically used to indicate a price bottom, such as heavy panic selling or mainstream media negativity.
Read definitionFrequently Asked Questions
Common questions about Cooked (Crypto) in cryptocurrency and DeFi.
A token is considered cooked when it shows declining volume, falling price with no bounces, shrinking holder count, and absent developer activity. If the community has moved on and liquidity is being removed, the token is likely cooked.
Rarely. By the time something is described as cooked, the consensus is that recovery is unlikely. However, crypto markets are unpredictable, and some tokens have recovered from seemingly cooked states during broader market rallies.
Not exactly. Rekt describes the event of losing money. Cooked describes the ongoing state of being beyond recovery. You get rekt, and afterward your portfolio is cooked.
Ready to put your knowledge into practice?
Start Boosting