WAGMI stands for “We’re All Going to Make It” and is a popular rallying cry used by crypto enthusiasts on social media platforms such as Twitter (now “X”)
Why do people say WAGMI?
Crypto enthusiasts started using the term in the crypto bull run of 2020 – 2021. During this time the aggregate crypto market capitalization grew 14x from its lowest to its highest point.
This means people were making money left right and center. WAGMI is just one of the expressions that people use to express their ebullient emotions and convey their excitement about a specific coin or crypto project.
It is also common to see NFT projects and their communities use the term as a promotional slogan. When a new NFT collection is launched its creators will often use the expression WAGMI to indicate that their project will make it.
Again the intent is to get people to believe in the project and buy the NFTs so that their value can increase.
What other expressions are popular in the crypto industry?
Other common acronyms are
- NGMI: Not Gonna Make It is the exact opposite of WAGMI. You say it when you think that someone is talking nonsense or if you simply disagree with a coin that they are promoting.
- GM: Good Morning. People use this to convey that it’s going to be a good day in the crypto markets and that they have a positive outlook on crypto.
- NFTs: non-fungible tokens. To really understand these read up my tutorial explaining APE coin.
- PFP NFT : Profile Pic NFT. Those images crypto fans use in their profiles on social networks. Popular PFP NFTs are the crypto punks and Bored Ape Yacht Club NFTs.
- DYOR: Do your own research. A disclaimer often used by promoters of crypto coins. After promoting the heck out of a project they’ll add a DYOR just to absolve themselves of any legal responsibility later on.
- To the moon: an expression to say that the price of a coin will be so high that it will reach the moon.
- Wen Lambo: meaning when will the price be high enough for us to be able to afford a Lamborghini? Usually used to express impatience.
- HODL: this is a misspelling of HOLD that one drunken investor typed in 2013 in a crypto forum discussing trading strategies. People jokingly say that HODL stands for Hold on for Dear Life, i.e. never sell your crypto because it is only going to go up.
A lot of these expressions fuelled the bull run as one trader goaded the other to keep buying. Apart from acronyms the community also uses certain slang terms such as the ones below:
Common Crypto Slang Terms
- Diamond hands: refers to holding on to a cryptocurrency despite there being periods of intense volatility. If you have diamond hands you have high conviction in the long-term prospects of the coin and project.
- Weak hands: the opposite of diamond hands
- Rug pull: when a group of people hype up a project so that the coin’s price increases and then suddenly sell everything to pocket a profit leaving everyone else at a loss as the market for that coin collapses.
- Crypto Bros: crypto enthusiasts with a frat-like community attitude that can often be arrogant. Usually used with a negative connotation
- Maxi: someone who stubbornly believes in only one coin. For example, you could be a Bitcoin Maxi if you believe that only Bitcoin has a future and everything else is thin air.
- Ser: used instead of “Sir” for fun.
- Pump and Dump: when a crypto token is bought by large players who promote the token and later sell all their holdings causing the price to crash.
- Shitcoin: Coins you believe are just hype and have no substance and therefore should have no value. Originally used in a derogatory way by Bitcoin Maxis.
- Whale: someone who holds a massive amount of coins in value and whose trades can move the market
- Bear market: when prices are dropping for a sustained period of time. More on what bearish means in crypto here.
- Bull market: when prices are going up for a long time.
- Crypto space or crypto world: the community and industry of crypto. For example, “Here are the top news headlines from the crypto space today”
Where does WAGMI originate from?
According to Coinpri.com, WAGMI was first used in a non-crypto context in 2010 by Aziz Shavershian, aka Zyzz, who was a bodybuilder.
Zyzz was a body-building influencer and had nothing to do with crypto.
In his motivational YouTube videos, Zyzz would often use WAGMI. While Zyzz died an unfortunately early death in 2011 at the age of 22 the expression continues to live on.
In 2017 the expression started being used in a crypto context after a Zyzz fan started using it that way. The expression stuck has been used since in posts and hashtags
Projects that appropriated the WAGMI term
Since WAGMI was such a popular expression and since anyone can create a coin and call it what they like it wasn’t long before a bunch of crypto projects tried to appropriate the term. There are now 12 coins that contain the term WAGMI in their name. The largest of these is called GM WAGMI whose ticker is simply GM.
About GM WGMI Coin
GM had a short life span and aimed to get people to invest in it for fun. Inspired by other popular meme coins such as Dogecoin, GM’s creators hoped to kick start a similar cultural community that would adopt the coin as its mascot.
Things didn’t work out that way and GM coin flopped very quickly after its launch.
GM currently has a fully diluted market cap of $7,000,000 with a total supply of 1 trillion GM WAGMI tokens.
How to invest in WAGMI
GM is available on the following exchanges.
Another project that has appropriated the WAGMI term is WAGMI United. WAGMI United is an NFT collection that bought Crawley Town FC, a second-league football team, in 2022. Their aim is to take Crawley Town to the premier league.
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