The cryptocurrency token named Squid Game (SQUID), inspired by the popular Netflix show, was the subject of a major scam known as a “rug pull” in November 2021.
The original Squid Game token (SQUID) price surged to over $2,800 before crashing to virtually zero when its developers cashed out their holdings, [defrauding investors of millions of dollars according to Wikipedia].
If you encounter a cryptocurrency named Squid Game (or a similarly themed token), be aware that it has a history of being associated with fraudulent activities.
Exercise extreme caution and thoroughly research any cryptocurrency project before investing.
Despite the previous scam, there appear to be new versions or iterations of tokens using the “Squid Game” name. [One such token, according to CoinMarketCap] , is the Squid Game (squidgametoken.vip) token which was recently trading at $0.000174. [Another, according to Binance] , is Squid Game (CTO), trading at $0.002801.
It’s important to understand the following:
- These tokens are not affiliated with the official Netflix series “Squid Game.”
- Cryptocurrency prices are highly volatile and subject to manipulation.
- The history of the “Squid Game” tokens includes a major rug pull scam.
- Investing in such tokens carries extremely high risk.
It is strongly recommended to exercise caution and thoroughly research any new cryptocurrency project you are considering investing in. Look for official affiliations, reputable development teams, clear whitepapers, and transparency in project information. Be wary of projects with spelling errors or that restrict the ability to sell tokens.
How much is a squid coin worth?
In the last 24 hours Squid Game’s price moved +2.74%. The current SQUID to USD conversion rate is $0.00017 per SQUID.
How much is a Squid Game worth in dollars?
Good point! Conversion. The total grand prize of ₩45.6B comes out to be about $33.4M U.S Dollars, or £24.7M Pounds. The prize per player of ₩100,000,000 is equivalent to $73,400 U.S Dollars, or £54,200 Pounds.
How much is the price of Squid Game 1?
Thanks for asking. It revolves around a secret contest where 456 players, all of whom are in deep financial hardship, risk their lives to play a series of deadly children’s games for the chance to win a ₩45.6 billion cash prize, ₩100 million per contestant.
Where can I buy Squid Game coins?
SQUID tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Squid Game is Uniswap V2 (Base), where the most active trading pair SQUID/WETH has a trading volume of $368.16 in the last 24 hours. Other popular options include PancakeSwap (v2) and Raydium.