WAGMI
Short for “We’re All Gonna Make It,” this phrase expresses optimism and unity within the crypto community, especially during market uncertainty.
Wallet
A digital tool for storing, receiving, and sending cryptocurrencies. Wallets can be hot (online) or cold (offline), and custodial or non-custodial.
Wallet Score
A statistical score that reflects wallet activity across different blockchain ecosystems. Higher scores suggest active, engaged users with a pattern tied to growing market value.
Wallstreetbets (WSB)
A subreddit known for high-risk, high-reward trading discussions around stocks and options. Some of its strategies and lingo have influenced crypto communities.
WannaCry Ransomware
A type of ransomware that spread rapidly in 2017, encrypting files and demanding Bitcoin payments for decryption. It highlighted the role of crypto in cybercrime cases.
Wasabi Wallet
A privacy-focused, open-source Bitcoin wallet for desktop operating systems. It uses CoinJoin to obscure transaction history.
Wash Trade
A market manipulation tactic where traders simultaneously buy and sell the same asset to fake volume and mislead other traders.
Watchdog Organization
Non-profit groups that oversee government or corporate behavior. In crypto, watchdogs often investigate fraud, regulation gaps, or misuse of funds.
Watcher (OMG Foundation)
A Watcher is an independent verifier in the OMG Network that monitors transactions and ensures the child chain operates correctly without tampering.
Watchlist
A user-curated list of cryptocurrencies to monitor closely. Watchlists are useful for tracking prices, trends, and project updates.
Weak Hands
A term for investors who panic-sell during price dips. The opposite of “diamond hands,” who hold their assets long-term.
Web 1.0
The earliest version of the internet, primarily read-only with static content and minimal user interaction.
Web 2.0
The current generation of the web that emphasizes user-generated content, interactivity, and centralization through big tech platforms.
Web 3.0
A vision for the next stage of the internet focused on decentralization, privacy, and direct user ownership through blockchain technologies.
Web3 Foundation
An organization supporting the development of decentralized internet infrastructure, including projects like Polkadot and Substrate.
WebSocket
A protocol enabling real-time, two-way communication between clients and servers. It's widely used in crypto exchanges for live price feeds and trade updates.
Wei
The smallest unit of Ether (ETH). One Ether equals 1 quintillion Wei (1 ETH = 10^18 Wei).
Whale
A crypto holder with a large enough balance to move markets with a single trade. Whale activity is closely watched by traders.
What Is the Financial Crimes Enforcement Network (FinCEN)?
FinCEN is a U.S. agency tasked with combating money laundering and financial crimes, including crypto-related illicit activity.
When Lambo
A meme phrase used to jokingly ask when one’s crypto investments will pay off enough to afford a Lamborghini.
When Moon
Another meme term asking when a coin’s price will “moon,” or rise dramatically.
White Hat Computer Hacker
A security expert who uses ethical hacking techniques to identify and fix vulnerabilities before they can be exploited.
White Label
A customizable product or service that businesses can rebrand and resell under their own name. In crypto, this often applies to exchanges or wallets.
White Label Staking
A service where a third-party sets up and manages validator nodes for users under their branding, allowing passive staking income without technical setup.
White Swan Event
An event that is predictable and expected, with potential to significantly impact the market or ecosystem. The opposite of a “black swan.”
Whitelist
A pre-approved list of users eligible to participate in exclusive events, such as ICOs or NFT drops.
Whitepaper
A foundational document explaining a crypto project’s goals, technology, use cases, and tokenomics. It’s used to attract interest from early supporters or investors.
Winding Down
The process of unwrapping or unstaking assets in DeFi, returning them to their original state.
Winding Up
The act of moving tokens through yield-generating protocols or wrappers to optimize returns across multiple DeFi services.