WAGMI is an abbreviation of "we're all gonna make it", a phrase used on crypto social media, in chat groups and in NFT communities to signal optimism and shared purpose. It spread widely during the 2021 bull market, when it often appeared in replies to posts about holding through volatility or joining a project early. Its mirror image is NGMI, "not gonna make it", used to mock decisions the speaker thinks are foolish. WAGMI sits alongside other community greetings and in-jokes such as gm and HODL. It is a mood, not a prediction: the phrase can build group loyalty, but it can also feed fear of missing out and discourage people from questioning a project. After the 2022 market crash it was often used ironically.