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
Read moreIs squid a Binance game?
The play-to-earn SQUID protocol is built on Binance Smart Chain (BSC) , but Binance emphasized that BSC is an open-source ecosystem and so the company does not have oversight over projects built on the network.3 Kas 2021
Read moreWhat is Squid Game Crypto?
Squid Game cryptocurrency began as a pay-to-play token on October 20. The holders of the coin were promised that they can participate in an online game inspired by the Netflix show, ‘Squid Game’, which will be available on the network from November.
Read moreWho made squid coin?
John Lee couldn’t believe his luck. The $1,000 investment he made in Squid, a new cryptocurrency project inspired by the dystopian Netflix drama “Squid Game,” had skyrocketed in price. But within five minutes Monday, his money disappeared.
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