Squid Coin Reddit – A Squid Game-themed digital money plunged in esteem on Monday in what gives off an impression of being a purposeful demonstration, tumbling from a high of around €2,400 to parts of a penny in minutes.
The SQUID token, which has no authority associated with the hit Netflix show, was dispatched last week with guarantees of a web-based game and a huge prize pool.
The undertaking asserted that players who purchased the token could participate in a game enlivened by the Korean show, wherein frantic individuals hazard demise trying to win a huge monetary reward.
In any case, the guaranteed game won’t ever emerge. On Monday, the undertaking’s site and online media accounts were erased as the token slammed in esteem.
A crypto wallet related to SQUID’s makers seemed to have gotten the money for out nearly €3 million worth of the token on Sunday and Monday through an exchange anonymizing administration, as per openly accessible information.
On account of SQUID, purchasers observed that they couldn’t sell the tokens whenever they had gotten them, leaving their cash powerless against Monday’s accident.
On October 26, the day the token was dispatched, SQUID was worth generally €0.01. By Friday, it had reached €6.73.
At 10.35 am CET on Monday, the token momentarily crested at a worth of €2471.98. After five minutes, it had lost nearly its whole worth, tumbling to simply €0.00068.