Summary: NGMI is a commonly used acronym on Crypto Twitter that means "Not gonna make it." It is used to describe situations where someone has made a poor decision, like making a bad trade or selling an NFT prematurely, which would cause them to lose money.
Where did NGMI come from?
The term Not Gonna Make it (NGMI) was popularized during the NFT mania in 2021 and was commonly used if an investor sold an NFT project too early. The phrase exploded after a viral tweet from an Ethereum NFT enthusiast that turned Netflix, Metaverse (Facebook), Google, and Instagram into an "NGMI" logo.
How to use NGMI in Crypto
The best way to use the phrase NGMI is if you are part of a community and you want to flex to people who are not in your community. Some examples of this from various communities are:
- Bored Ape Yacht Club owner: "If you sell you sold your Bored Ape Yacht Club (BAYC) early, you are NGMI."
- Bitcoin Maximalist: "If you hold more altcoins than Bitcoin, you are NGMI".
- Ethereum Maximalist: "I you think alternative Layer 1 platforms like Avalanche and Solana are going to overtake Ethereum, you are NGMI".
NGMI vs WAGMI
NGMI and WAGMI have completely opposing definitions when it comes to using it on Crypto Twitter. WAGMI means "We're all going to make it", which is the opposite of NGMI and "Not going to make it".
NGMI Crypto Token
A NGMI token was built and deployed on the Avalanche (AVAX) network to celebrate the meme behind the popular term. It has over 1 billion tokens in circulation and was airdropped for free to users who have bridged to Avalanche. It is purely a memecoin and has no real utility or value, but there is a growing community behind the token.
Final Thoughts
NGMI is an important meme for crypto enthusiasts and investors to keep in their back pocket. It can be used as a way to flex on others who are making bad decisions, or to just have a good laugh at the expense of those who don't know what they're doing. Additionally, the NGMI token has become a popular meme coin and is another way for users to show their support for the crypto industry. No matter what your opinion on NGMI is, it's safe to say that it's here to stay and is an important part of Crypto Twitter culture.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
