The Squid Game (SQUID) coin, which reached a market capitalization of $30 billion in a month, disappeared. Trading has stopped.
Netflix’s popular Korean series Squid Game is gaining a place in almost every field. One of them is cryptocurrencies. Inspired by the series but with no official connection, the SQUID-coded coin entered the crypto industry at 0.012 levels.
Influenced by the popularity of Squid Game around the world and increasing in value day by day, the cryptocurrency shocked its investor. The SQUID coin, which was trading at $51 around 9:20 a.m. today, suddenly approached $3,000 at noon, according to CoinMarketCap data. But this rise did not last long.
SQUID coin price suddenly drops to $0
The SQUID cryptocurrency was trading at $2,856 at 12:35 p.m. today. Just five minutes later, when the clocks struck 12:40, it suddenly dropped to $0.0007926. The cryptocurrency, whose identity is unknown, fell 99 percent, shocking its investors.
The market value of the Squid Game (SQUID) cryptocurrency was also affected by this decline. The coin, which rose to about $30 billion, suffered a record loss of $2 million. According to CoinMarketCap, the current market value of the currency is $1,980,426. He’s still on a downward trend.
It turns out that trading with SQUID coin has also stopped. While there was no explanation from the developers, CoinMarketCap warned users:
We have received numerous reports that the website and social media accounts are no longer available and that users are not able to sell this token on Pancakeswap. Please do your own due diligent work and be extremely careful. Although this project is clearly inspired by the Netflix series of the same name, it has no official connection.
Website and social media accounts are not available
Squidgame.cash, the website of the Squid Game (SQUID) cryptocurrency, is not currently running. Users are told that “This site cannot be reached” when they try to enter the site. Meanwhile, the project’s social media accounts are not working. The developers don’t make any