Squid Game token drops 99 percent in minutes, website shuts down

the price of the Squid Game (SQUID) token, which uses the name of Netflix’s popular series Squid Sport, however has no reputable ties to the collection or Netflix, dropped 99.99 % in minutes. Priced at $2,800 (approximately $26,000), the token noticed $0.005 in a unmarried candle.

What came about at SQUID is a transparent ‘rug’ that means the workforce in the back of the venture is defrauding investors by means of getting rid of the liquidity in the token. It used to be the pull’ operation.

Not Able to get admission to SQUID token’s website Squidgame.cash

there have been signs from the beginning that SQUID was once a rip-off. At The Same Time As Netflix has no association with the token, there has been also a warning at the token web page on CoinMarketCap and it was once mentioned that users couldn’t promote this token on the decentralized exchange PancakeSwap: reportedly not selling. Please watch out when beginning trades by way of doing your personal due diligence! Whilst this mission is encouraged by means of the Netflix collection of the similar identify, it is not likely to be tied to the official IP.”

Additionally, the venture’s website has been shut down. His Twitter account was once suspended by means of Twitter. it is concept that the workforce in the back of it made a multi-million greenback rip-off, defrauding about FORTY thousand other folks in total. SQUID tokens with a provide of 800 million had been positioned at FORTY ONE thousand 9 other addresses.

Squid Sport (SQUID) photograph