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. The "Squid Game" token skyrocketed in price from about $0.01 on Tuesday to trade around $38 on Sunday, according to CoinMarketCap data. Insider confirmed trading was no longer possible on PancakeSwap, which was also flagged by the crypto-data provider.Īccording to the squid project's whitepaper, the token is a play-to-earn cryptocurrency inspired by the South Korean streaming series where contestants play games that can end in riches or death. In recent days, reports piled up from buyers saying they couldn't sell their squid tokens and cash out their gains in the only available venue, the PancakeSwap service.ĬoinMarketCap said in a user notice it had received multiple reports that the websites and social media related to squid were no longer working. Ī cryptocurrency inspired by the Netflix hit "Squid Game" skyrocketed 75,000% as buyers jumped in, but now links to its website and social media are dead, which suggests it was a scam. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. "The scam has completed its cycle," Bobby Ong, a cofounder of CoinGecko, told Insider. The token surged as much as 75,000% last week but has plummeted to a fraction of a cent. Links to the "Squid Game"-inspired coin's whitepaper and social media were dead on Monday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |