A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam . Squid, which marketed itself as a “play-to-earn cryptocurrency”, had seen its price soar in recent days – surging by thousands of per cent.
Read moreHow much is a Rugpull Squid Game?
The cryptocurrency Squid Game (SQUID) immensely collapsed in price. The developers appear to have created a scam, cashing in on more than $3 million . The creators of the Squid Game crypto are sitting pretty following a “rug pull” scam that took profits from tricked investors.
Read moreWhat is the Crypto on squid games?
The cryptocurrency, called Squid , began trading early last week at a price of just one penny per token. In the following days, it drew attention from a number of mainstream media outlets. By early Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap.
Read moreHow do I get a Squid Game token?
How to buy SQUID game token?
Read moreWhere can I buy a Squid Game token?
The Squid Game crypto is listed on Binance Smart Chain . To buy SQUID, first, one must invest in one of the preexisting coins, like Bitcoin, from any exchange. Then, using Pancakeswap, which is a decentralized exchange, buyers can exchange these cryptos for SQUIDS.
Read moreHow did Squid Game rug pull?
Rug pull: Creators drained liquidity from coin As per the reports, the anonymous creators of Squid Game coin sold their entire holdings rapidly on Sunday, bringing down the coin’s value to $0, a phenomenon described as “Rug Pull” in financial parlance.
Read moreHow can I buy Squid Game token in India?
Squid Game requires an initial investment in a well-known cryptocurrency, such as Bitcoin before you may purchase any tokens. You may buy the tokens on the well-known decentralized exchange pancakswap.com .
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