This is the 12048th most frequent Russian word.
значок
Badge.
In this context, "значок" refers to a physical pin or badge used for decorative or informational purposes.
На рюкзаке висел красивый значок.
There was a beautiful badge hanging on the backpack.
Here, "значок" refers to an icon or a small graphic symbol on a device screen indicative of a specific application or function.
Значок Wi-Fi на экране показал, что интернет соединение есть.
The Wi-Fi icon on the screen showed that there was an internet connection.
In this usage, "значок" means a symbolic representation, often denoting membership or affiliation.