Ashdraked

The term "Ashdraked" in crypto refers to a situation where an investor loses a substantial amount of money due to a sudden and significant drop in the value of a cryptocurrency or investment. This term originated from an incident involving a Reddit user named "Ashdraked", who lost over $1 million in the cryptocurrency market crash of 2018.

Examples and cases of being "Ashdraked" include:

1. Bitcoin Crash of 2018: Many investors experienced being "Ashdraked" during the Bitcoin crash of 2018 when the price of Bitcoin plummeted from its all-time high of nearly $20,000 to around $3,000 within a few months.
2. Altcoin Pump and Dump: Investors often get "Ashdraked" when they invest in altcoins that experience a sudden pump in price due to hype or manipulation, only to crash shortly afterward, leaving investors with significant losses.
3. ICO Scams: Some investors have been "Ashdraked" by investing in Initial Coin Offerings (ICOs) that turned out to be scams. These ICOs promise high returns but fail to deliver, resulting in investors losing their entire investment.
4. Flash Crashes: Occasionally, cryptocurrency markets experience flash crashes, where the price of a cryptocurrency drops sharply in a short period, triggering stop-loss orders and causing investors to be "Ashdraked" as they sell at a loss.

Overall, being "Ashdraked" in crypto refers to suffering substantial financial losses due to market volatility, scams, or sudden price drops in cryptocurrencies or related investments.