A cryptocurrency inspired by the popular South Korean Netflix series Squid Game on November 1, 2021, became the most hyped digital token when its valuation shot up to $2,861 per coin. Squid coin, which marketed itself as a “play-to-earn cryptocurrency”, had seen its price soar – surging by thousands of per cent.
Read moreWhat happened to Squid Game cryptocurrency?
The crypto token crashed to zero after the token developers did the rug pull . This is the kind of scam where token creators leave the market along with the investors’ money. The website and social media handles of crypto were non-functional within hours. Investors lost more than Rs 25 crore.
Read moreIs Squid Game crypto real?
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.2 Kas 2021
Read moreIs squid crypto available on Binance?
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.30 Eki 2021
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