A Magnogo is a crypto investor that sold at the worst point possible.
The term "Magnogo" originated when a Telegram user called "Magnegro" bought
2k USD of $AKITA tokens soon after the crypto currency was launched, he owned 1% of all $AKITA. At the ATH his 90B tokens were worth 880k USD, but Magnegro sold at the bottom and is just able to buy a second
hand car. Three days later, the price of $AKITA went X
5. Soon dozens of
memes were made by the Telegram community, dubbing "Magnegro" into "Magnogo".
"Yo
Dawg, did you HODL your crypto?"
'Nah man, I sold at the bottom'
"
Wow, you'
re such a Magnogo"