Crypto experts warned that the Squid currency had telltale signs of being a scam, notably many grammatical and spelling errors on its website, and the fact that it was not exchangeable for other currencies. Economist and author Professor Eswar Prasad told the BBC: “It is one of many schemes by which naïve retail investors are drawn in and exploited by malevolent crypto promoters.” Squid token crypto Interestingly, a journalist’s investigation has delivered new evidence as to the whereabouts of the scam’s originators. As it happens, the debut of the famous Korean Netflix show Squid Game in 2021 proved a perfect opportunity for scammers to create an efficient cryptocurrency scam that has cost its victims an aggregated $16 million in financial loss.
MULTI CONVERTER of currencies. Squid Game Price.css-miwgo3@media screen and }(SQUID) After jumping more than 310,000% in value as of Sunday night, Squid lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.
3. Consider dependable cryptocurrencies such as Bitcoin, Ethereum, and Litecoin—of course recognizing that even legitimate cryptocurrencies can be highly volatile investments. Is there still hope? The entry fees vary from 456 Squid tokens for Level 1 “Red Light, Green Light” up to 15,000 tokens for Level 6 “Squid Game.” Due to the rapid rise in value, the buy-in for Level 1 has gone from the US dollar-equivalent of $5.60 on Tuesday, to $4,076 Friday afternoon, according to CoinMarketCap, which tracks Squid token trades. Based on the late Friday Squid/US$ exchange rate the entry fee for Level 6 is $134,100.
The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market. Rug Pull Epidemic Intensifies As ‘Squid Game’ Crypto Goes to Zero In Less Than a Second The current circulating supply of Squid Game is -- SQUID. In terms of market cap, Squid Game is currently ranked .