What Does This Mean?
Crypto slang for a person who buys NFTs, whose artwork is jokingly called "JPEGs", and resells them quickly, often within days or hours, hoping for a higher price on a secondary marketplace.
REAL-WORLD EXAMPLE
"Most JPEG flippers listed their mints within hours of the reveal."
LORE & ORIGIN
"JPEG" became a common joking shorthand for NFT artwork during the 2021-2022 NFT boom, and "flipping" means reselling soon after buying. Glossaries describe flippers who join allowlists for popular new collections to mint at the primary price and then list the NFT on a secondary marketplace. The exact phrase "JPEG flipper" has no documented first use. Flipping carries the risk of being left holding an asset that loses value.
MENTIONS OVER TIME
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