Squid game cryptocurrency
Bitcoin price
$SQUID leverages on Squid Game’s popularity
Hartford decided to buy $50 in marbles on October 31 as an experiment to see if there was a way to get his money out. Hartford’s initial $300 investment was worth $200,000 as the Squid Game coin rose to $600 per token. It'd eventually rise to a peak of $2,861, which would make Hartford just short of $1 million. In theory. In reality, the whole thing was a scam. And Hartford was just one of its many victims. Squid crypto buy This is just the latest example of scammers utilising pop culture to get media attention. A similar rug-pull occurred earlier this year with Mando, a cryptocurrency that used images from Disney+'s Mandalorian TV show—without permission from Disney, of course. Another notable recent example amongst many saw the creator of SushiSwap, a highly touted token, disappear with $13 million in September 2020, which investors feared was a "rug pull." The SushiSwap creator ended up returning the coins after an outcry but then disappeared soon afterwards.Squid game crypto coin
At the core of the retail craze lay the popularity of Squid Game. The scammers promoted SQUID as a play-to-earn cryptocurrency inspired by the South Korean TV fictional show in which people put their lives at risk to play a series of children’s games for the opportunity to win 45.6 billion won (~$38.7 million). Research is crucial “It paints a very bad picture of crypto,” he said. “It’s sad for all the legitimate projects out there.”
Market Overview
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. #1 With no regulatory oversight, it’s very easy for crypto developers and promoters to exploit naive buyers who are caught in popular trends and speculative frenzies. Investors should always keep their eyes open to avoid investing in suspicious schemes and facing inevitable losses down the line.Squid crypto chart
The "Squid Game" token skyrocketed in price from about $0.01 on Tuesday to trade around $38 on Sunday, according to CoinMarketCap data. It then stepped up to about $90 early Monday, then spiked to just above $2,861 before falling to $0.003467 at 10 a.m. ET. ‘Squid Game’ Crypto Price Up by 2,400% in a Day—Here’s What You Should Know Hundreds of new crypto-coins are created every single day. That's largely because this market is still unregulated, which means anyone with internet access can make their cryptocurrency. Most of these new coins are based on social media trends. Now, what you need to understand is that these coins are at the risk of dying as soon as the trend settles. In most cases, their creators will not be serious about the coin. So, avoid investing in any currency that has popped out of nowhere.
