Holding the Bag

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Holding the Bag

Definition:

The Web3 version of being caught with your pants down. When a crypto asset drops value quickly, those left that didn’t sell are holding the bag. Generally worthless now, it’s akin to having crypto egg on your face.

Degen Chat

“We all hold $SHIBA hoping we won’t be the last one left holding the bag.”

Related Terms:
  • Dictionary: Rug Pull
    An insidious scam where a crypto project takes the funds that have been raised and disappears. They never deliver on roadmap, provide no further utility and buyers are caught holding the bag. This could have been the plan all along and the Discord and twitter mentions can become toxic quickly.


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