5/25/2023 0 Comments Squeed game tokenPlease do your own due diligence and exercise extreme caution."ĭespite being clearly inspired by the popular Netflix series Squid Game, the Squid Game token isn't affiliated with the show or with Netflix.īinance told cryptocurrency news outlet CoinDesk that it was "deploying blockchain analytics to identify the bad actors" associated with the token and would provide information to law enforcement officials. ![]() Squid Game token is up 380 over the past 24 hours alone and has seen exponential growth since it was launched just more than one week ago. As the name implies, the coin is based on the popular Netflix series of the same name. "There is growing evidence that this project has rugged. A new token, Squid Game (SQUID) inspired by the eponymous Netflix show has posted 45,000 growth in a few days after launching earlier this week, but multiple investors are reportedly. Squid Game token is the latest cryptocurrency dominating media headlines. SquidGameToken is down 4.33 in the last 24 hours. We update our SGT to USD price in real-time. It's unclear why people are still attempting to get involved in the token despite all the warnings against it.ĬoinMarketCap lists a warning about the Squid Game token on its price tracking page, which states: "We have received multiple reports that the website and socials are no longer functional and users are not able to sell this token in Pancakeswap. SquidGameToken USD United States Dollar SGT Price Live Data The live SquidGameToken price today is 0.000002 USD with a 24-hour trading volume of 24.62 USD. Search Queries SoarĪnd according to Google Trends as of Thursday morning ET, search queries for "how to buy Squid Game token" were up 70 percent. The token's 24-hour trading volume-the number of tokens traded within a given time period-was up more than 800 percent to $101 million, which is many times higher than it was when the token's price peaked on Monday. There were numerous warnings ahead of the crash that people reported being unable to sell their tokens once they had bought them.Īnd Binance, the world's largest crypto exchange and developer of the blockchain technology on which the Squid Game token was based, announced it's launching an investigation into the sudden crash, labeling the project a "scam."Ī Binance spokeswoman told Barron's: "These types of scam projects have become all too common in the DeFi space."ĭespite all this, the Squid Game token surged in price through Thursday, valued at around $0.1 and up around 600 percent as of 11 a.m. One investor is alleged to have lost life savings worth about $28,000 because they rushed to get in on the new token before it crashed, according to CNBC. In a Telegram post following the crash, its development team claimed it didn't want to continue with the project due to it being "depressed from the scammers" and "overwhelmed with stress." Famous Dog Behind Doge Meme and Dogecoin Celebrates 16th Birthday.Bitcoin Millionaire Says He Was Beaten, Had Fortune Stolen in Robbery.Shiba Inu Price Down As 'Whale' Moves 40 Trillion Tokens Between Wallets.
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