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After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped.  I can't afford to think of those who got stuck at the top and took all the losses on those tokens.  Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

I also saw the hype about this squid token on tiktok and really laughed reading this news

in my opinion, this is one of the biggest scams this year, many are "stuck" at high prices when buying squid tokens

sorry for those who are newbies who buy when the price of squid (shittoken) is high :D

I keep thinking about this, I don't know what's in their mind to buy meme tokens like this or tokens with names that are currently popular, many beginners in this crypto world are losing a lot of money just because a fraudulent project like this is in the crypto space, why would they not asking why should I buy this token? if only that question was on their mind they probably wouldn't be exposed to this kind of scam

That's a massive rug on this 2021 Q4.

I saw a number of my fellow people in my country who had also invested in that token, and it's a tragedy that they lost a lot of money as a result of the rug pull. Devs are very stupid to abandon the project, it's huge, right? How can they abandon because of a modest profit when they could have earned more if they continued?

Well, shitcoins are shitcoins but they can earn pretty huge money instantly that's why most of them are risking their money on shitcoins.

SQUID is a scam project and it won't be the last so before FOMOing out on a project make sure they have real team and developers behind them, many meme coins out there have no team, the scammers just find an attractive web page design and lure investors in, you are the master of your wallet spend wisely

It is obvious that scammers are trying to monetize the hype around the series "Squid Game" by creating a new game and a new coin in a hurry. After today's pump, the organizers sold their coins on the market, thereby dumping its value to $0.0033. It's funny to watch this from the outside, but to be among the holders of this coin is very sad.

It was a nonsense token to begin with.
A token based on a hit Netflix series it bound to happen that cruciating crash.
Many of these projects have creators that when they pump their token with shit promises then pull the rug under their investors by dumping the rest of their token after making hafty profits over the hype.

I wonder why they are so serious about buying this coin even though it is clear that this is part of the shitcoin that is often circulated.
and indeed the squidgames hype these past few weeks has caught the attention of many people. but this in the real world in crypto this is the same as ordinary shitcoins and of course they should be aware that not all hype will be famous everywhere.
and now everything has happened and for those who bought it at a high price don't say that on the forum there is no warning about the dangers of fomo and shitcoin

the answer is obvious is just another shitcoin among thousands of others once the hype / fomo on tiktok and all the other social networks is over its value will be zero unless one is very good in trading and can do scalping or flash trading i would suggest not to buy this altcoin

The shitty things about these.

All social media platforms like "CMC" and "Cointelegrap" created a tweet or article without being check first. I still can understand, If some scam coin getting listing to CMC but make a tweet & article for a scam shittoken just really a bad thing. We all know, almost 90% crypto user is don't understand anything. Most of the time, they think If getting tweet/listing on CMC = Legit.

damn! now they're making tokens off of tv shows? that's actually pretty smart (and shady af) cos you don't need to that much marketing for it, just let the show's popularity and word of mouth do the job and let the newcomers fall for the hype

unfortunante for those who were left with the bags full of worhless crap but it's not the first time we've seen smth like this, pump and dump will always be a thing in the wild west aka crypto market

I was about to look here in Altcoin Discussion board when I read it in my News Feed. I already expected it, since it is like one of those coins that tend to follow the trending stuffs right now, not just from books but also from these series or even movies. I feel bad for those who were holding it for the longer terms.  I am not sure if the series ended, since I do not hear any news from it lately but from some coins to be made out of it just seems absurd.

I didn't expect that people here in our country would even buy the hype. I guess after the hype from NFTs, this also made them think that it would yield them a lot of profits. Quite right that those who are looking for quick bucks are just going to go into shitcoins.

their fantasy (newbie) that they will earn thousands of times more than their capital if they buy this shittoken but in reality, it's just a fantasy

the scheme is really very easy to guess, when something goes viral then scammers will take advantage of that moment to make a profit for them and those who are smart will profit but those who are greedy + stupid will only lose

Lol, never even bothered to check what this project was about. Just knew it was taking the advantage of the hype around the netflix show. How stupid do people have to be to fall for such scams? I don't feel bad for them honestly. I guess they thought you could be making huge profit overnight. There grammatical errors and typos on the whitepaper. There were things written that had no explanation and yet people thought it was a legit project. At least they have all learned their lesson.

hype in the real world and in movies and games doesn't mean there will be hype here lol

it is clear when the creation of this coin was only limited to hype from the real world, which indeed the squidgames hype was so wide.
on the other hand I don't understand why people see and buy this shitcoin :D
Do they think it will be the same as the hype in the film world? :D This is really funny and sad at the same time

I didn't buy this token but for sure a lot have bought it. If your trading and investing strategy lies on those influencers and you're just making yourself satisfy doing it as they do and say, you're making a mistake by putting yourself in a really bad situation.

These rug pulls will never stop because you're unsure with the developers of these projects. AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

What did you expect to happen? Did you expect this kind of shitcoins to keep rising forever? The inevitable last took a little longer than other shitcoins, that's all. It was released thanks to the series. The series became popular around the world quickly, and thanks to this popularity, one of the team came out and poured the money into them. In fact, according to what I heard, their team said that they would no longer support the project. Soon it will be completely reset and disappear from the market.

THere are lots of buyer of this coin. Since this coin was hypedd by the series it would be a not so hard task to advertise the coin. Having also the other meme coins being bullish recently  such as shiba, I would not wonder how people can be attracted easily to this kind of non-sense coin.
People should always be warry on everything before investing into these kind of projects.

This is from the article,


They wanted to fight the scammers by becoming the scammers themselves and now they want to continue scamming with another token hehehe. You have to be a complete idiot to fall for them twice.

I watched a video of a streamer covering this token while it was still up. His reaction was too funny when it dropped to zero seconds later.

Those who bought this are probably the same type of "investors" who bought Shiba and cashed out.

Is this because of the Squid game movie from Korea that is very hype?
Actually, I watched this movie and I also like this movie much,
But, to follow the token, well, I am afraid that this is only a hype token like other tokens created by hype. It may pump but once this has no really good and string fundamental or real use case, this token will be the same as the shit tokens.
But, let's see how the developer also attracts investors and maintains this token to be able to survive in this market and make something new not only because of hype.

very sad, it seems that many of the victims are ordinary people who may only be fans of the film that is currently viral on social media. the amount of information about the coin that is spread by social media that has many followers also supports the promotion of this coin. can the developer be sued by his actions?

I haven't bought it as I have read that it can't be sold so I understood that it would be a scam. It became interesting for me, so I decided to investigate a smart contract and I found out that it was created with proxy features it means that the owner was able to change contract on any logic.  Developers updated logic 6 days ago to an unverified code and on the 1st of November they withdrew all the liquidity in the amount of $19 million from PancakeSwap.

I saw the project day one but after doing my research I knew it's nothing serious, the truth is some meme coins have determined developers and they aren't scared of showing their faces to the world, if the team aren't famous I'm not investing, if concept isn't genuine I'm not investing, this is also for every other projects apart from meme coins

Squid was a scam right from the beginning but people are just too desperate to fall for anything right now since doge and shiba did their thing, people don't do research anymore they only look into most trending cheap altcoins they can find, I'm sure those who are caught in this mess will learn or ignore crypto forever

What can we expect to this coin inspired by the current trend? Its bad for those who are late to ride but a huge profit for early birds. If you decided to invest in a coin relying on pure hype then expect a situation like this to happen. Its very risky investment and probably a lesson learned to investors who were left behind.

Shit coins are pumping hard this days and people are always ready to buy that lottery ticket, I don't pity those that lost their money in this the fact is they must have saw this coming, if they are smart they would have invested 20-100$ depending on what they can afford to lose

Such things do not need to be pitied because they also know that getting into unlucky coins will always have more risk and losing money is a very sure thing to happen, so there is no need to be pitied even though giving good advice is the right thing.

maybe many people want to take advantage of the current popularity of Squid games. So, with that they create the token and try to make something interesting to attract potential investors. however, such tokens are very clearly moving due to the hype and most likely won't last long. there are so many other examples that make projects based on trends and it falls on time or other trends.

Not, this coin isn't hyped by the series but this coin and the developers rode the hype of the series. They saw an opportunity to make a coin that's named after the successful series of Squid games. I bet that there's even no consent from the Squid game itself to the franchise and use the name for this project.

So, it's a complete steal for this project and the investors of this coin should've noticed that already and didn't invest in this coin. A lot of people will learn from this meme coin and invest in the right projects.

Indeed, the squidgames hype these past few weeks has attracted the attention of many people. But in the real world, crypto is the same as ordinary shitcoin and of course they have to realize that not all hype will be famous everywhere, and now everything has happened and for those who bought it at a high price, don't say on the forum there is no warning about the dangers of fomo and shitcoin, thank you

known as trend token or coin, assets that can make their owners rich if the strategy is successful or vice versa if the strategy fails.You have to be wise and if you get a profit, you can must sell it. Don't get hit by a loss.

That is why the crypto world is very dangerous for the layman or whos enter this world without proper knowledge and only because of seeing the news about how quickly can profit from coins like this.
All investors should be more careful and pay attention to any discrepancies that exist as a consideration, but unfortunately it was all defeated by the desire to get big profits instantly.

No, I wasn't aware that there was this kind of token. And if ever I knew it, I wouldn't invest specially at the top because it is obvious that this is just a hype and pure pump and dump.

And I felt sorry for those who are swayed to buy and join the fun and I would say that they are the real victims here. Risk is almost a common commodity in the market, it's how you manage it. Logically would you buy something that has no use case at all?

So sad that even crypto is already been known by more people now. There are still who forget to do some homework before taking their money inside this venue of investment. Hype coin will always trigger those newcomers and greed investors. sorry to say that they lost
because of joining with the meme/hype project, which is now being abandoned by his scam creator.

obviously most of the hype coin in the market came from those popular names around the internet so it's not surprising newcomer will going crazy on it and reason as well mostly people behind such hype project still using the same way everytime just to gain massive profits in just short period of time because its always very effective..  ;D actually i saw that coin last couple of days and it really flying but now seems already dead. There's alot of victim for sure.. Lol

Here in my country, it is quite popular actually. Just imagine those recently popular TV shows to be turned out into a coin, not the all-time popular but just recently popular. I was surprised that Bird Box series back in 2018 did not even get a coin and it was like hell of a trend when it first landed, now it is just a rubble to be rewatched by some who didn't manage to join the hype.

What else can you expect form a meme coins. They basically are pump and dump coins. I am not sure why people knowingly take a risk in something which they know will crash. Best to stay away from projects that do not have solid backing.

Squid game token crash is not unexpected as the name of the game itself is plagiarized and copied from popular Netflix movie. I expected everyone involved to have dyor before buying into such questionable project. I hope people learnt their lessons. The victims of this scam will not see cryptocurrency in good light for years to come especially of they were newbies!

Some people can't even sell that shits token. It reported on some news and CoinMarketCap. So there's no way some users are able to grab quick cash other than the developers themselves--who are now blame and victimizing that their token is "hacked". On other hand, there's might be a correlation to their "anti-dump mechanism" on their whitepaper, but some speculate that the token is designed to make the dev are the only one who able to sell. So, that's that.

From the very beginning, the sale of coins was blocked and, as the developers reported, the unlock was supposed to take place by the time of the premiere of season 2 of the SQUID GAMES series. This should have immediately alerted investors, but few people had read about this project before, most were involved in HYPE.

Imagine how some people can just create quick project for quick profit sake, this project only came in existence following the popularity of the Sauid game movie, there is no intention of achieving a goal behind it, it is only about making quick money, anyone who foolishly hold this token without selling  at the top have his/her self to blame.

I think that the guys who came up with the token and earned on the hype are great fellows. And all who bought this token do not know what they thought. So we paid for it, not everything should grow.

I think this is not the first time a scam like this, but what I still wonder why so many victims?  whether of the many scams that occur, none of them become shared learning?  Isn't the value of 2.4 million USD very large?  From this accumulation, do all the owners of the money not think before buying?  To be honest, until now I have never bought coins or tokens because of the hype, such as doge or shiba which are constantly being pumped by Elon, who is clearly the richest person, I'm not even interested.  Especially with tokens that are not clear who the developers are.

His name was Robert Paulson.

Squid has crashed, yes it is sad as fuck but there are so many other shitcoins to choose from. We'll move on with them. The shitcoins market are full of opportunities. Don't let this individual incident to discourage you. Shitcoins are the future.

Those who bought at the top lost tremendous money but what about those bought the dip before? They are driving cars and flying jets now. Always remember that.

Indeed, inspired by the famous movie to get the first customers as well as make a voice in the market, this Squid token has revealed the essence of a crook, without a bit of dedication and good advertising and just the name as a recipe for success, this is clearly intended to target fans and know a little bit about crypto, scams and money grabs. The end of this program is also quite similar to the movie, with only one winner being the developers, the participants are only those who sacrifice for the noble purpose of entertainment.

Why would anyone even release a coin based on a series in the first place? All of this is plain nonsense, why don't we see game of throne token too? Or breaking bad coin LMAO, these are just tools to lure stupid people, it's a smart way to control idiots

Noting how enormous the masses publication when the token is up, I believe there are some people that are greatly affected by this rug pull. I mean, way before I do hear that this token is spread around anywhere.

I do also think that the way they designed and shilled the project is a viciously cheeky way. As it already pointed out, the use of the recent Squid game series, and also, despite we've heard the kind of similar scam, I think the way of how recent cryptocurrencies awareness by the masses is in play its part here.

With the combination of new masses coming into cryptocurrencies without proper knowledge and recent worldwide hype of the series really make the scam is stand out over many others.

Scammers are entering this field a lot and taking advantage of this period to fomo a lot of silly trends.
Just look back at Elon's sayings are also created into projects, and even this HOT series is no exception. I don't understand what people think about believing in such a thing, the first thing to look at is the copyright issue and the idea that it is presented as a scam project, but greed always makes many blind people and that is also the end for greedy people.

People are hoping for quick gain, the reason why most are venturing into this kind of hype.
Unfortunately, some spend their life's savings to this meme token hoping to get something for their retirement.
This is the dilemma of going on board with the hyped up coin or token.
It is always preferred to stick to the coin with very solid foundation. And why not stick to btc in the first place, if you are finding it hard to look for other alts?

The very expected effect for coins whose task is to lure a lot of money. I think that a few people can now buy everything about something long ago dreamed of, two with an excess myylon net profit, if not to take into account the tokens that they received and won on it, you can simply see their addresses.
0x87230146e138D3F296A9A77E497A2A83012E9BC5.

I saw this incident live on twitch and it was both really funny and sad at the same time when looking at that.
I couldn't imagine if people actually buy this coin when it was really high up and suddenly their assets went to zero instantly.

All I can say is move on and learn. Sure you can be the luckiest person ever and make a profit through exit-trading as soon as you get one but if you are late in just one second then it would be a nightmare for those are late.

We've already given some warning when it was just still starting to increase.I feel sorry for those people who get caught with the dump which these kind of increase or hype do typically end up

on a rugpull and thats what happened on here thats why you should really be keen or careful on dealing off with these kind of hypes specially with coins which are dragged on something trending

because scam devs will typically taking advantage with these things which will really be used against you and lure you in to buy their shit tokens.

There are always many newbies who are tempted to invest in shitcoins, they think the SQUID token will continue to rise in price and can provide
big profits. In fact, the SQUID token was created by taking advantage of the popularity of the Korean hit series on Netflix,  to be able to
generate profits for the creators and development team. Let this be a lesson for people who buy SQUID tokens at peak prices, so that they do
not repeat the same mistake in the future. Sometimes for someone to become a successful investor, they have to learn the hard way,
by experiencing losses first. Even though there are many topics in this forum that explain how to choose projects that are safe for investment.
So for newbies, try to learn again how to choose tokens that are worth buying, so don't be influenced by other people when buy tokens.
Always do research and analysis before deciding to invest in crypto, because if we're not careful, we'll invest in shitcoins, which only makes us
lose money.

And through this many will have to realize that this market is not so easy. To just buy nonsense and think it will make money is the biggest stupid thing. Knowledge is really important and don't listen to anyone fomo anything shady, looking back, most of these mishaps are meme projects, nftgame,... always be wary of projects pursue these because transparent projects do not have such sudden price increases.

The chart is looking so strange days before the crash, there are no red candles on every time interval , people should be notice there is something wrong with the token and a day before there are a rumour that people who holds the coins are not able to sell it.
And yesterday the devs withdraw all the money from liquidity and pretending their smart contract being hacked, classical reason when the devs want to escape scam.

I heard this is not the real squid game coin, the real one is gonna releasing the NFT game in few days and the token name symbol is $SGT

The person who invested in this nonsense deserves to lose everything. People still have an interest in investing in the token after watching the show; they certainly deserve their reward. Markets need these kinds of developments to occur, it's irritating how people invest in anything. It will only take a couple of more times for people to understand not to invest in all these meme coins and dumb projects.

"The person who invested in this nonsense deserves to lose everything. " Exactly! This is how it should be. After all, people could not see the site, the telegram groups, that it is not even possible to write there and the created pages, the domain a few weeks ago. This is enough to understand that this is a scam.

I never got squid coins, but know a few people who insisted it wasn't a scam and invested, apparently they lost, cause just a few people think and analyse before jumping into the deep end.

i just know this news because i read coinmarketcap daily news. i know alot of rug pull news from my socialmedia friends but I am surprised why this rug pull become so big.


i don't think many who bought SQUID GAME are stupid or idiots.
some of them must be smart that's why they have money but they are not using their brain.
they just don't know which crypto they should bought and which should not
they just gamble all away. just like playing some casino game or maybe they new in cryptoworld who knows

This is ene of the many ills of new tokens. It can become a high way to dead trap. People shouldn't invest more than they are willing to bear the loss. Any hope for the dump squid game?

it's true, there are those who are lucky to buy tokens at low prices but it's unfair for those who buy at the top if the ending is directly you can see how the rug pull process occurs.  In fact, there are many videos that show live streaming of the seconds of the massive rug pull happening.  There are a lot of shitcoins out there today, but this is one of the worst.  When you are in the position of those who buy at the top and are not given any warning signs of a general market crash and then just drop to 0, isn't that the same as robbery?

It in fact is a robbery. According to them, there were provision of restricting the developers from selling their coins in the smart contract. But they had purposefully left some loop holes to manipulate it and sell their coins when the price was highest.
Most of the people joining the project were aware that it is risky but still greed made them do it. People should wait to get proper reviews and audits from audit agencies before deciding to trust your money to some defi.

This is 0x34400280a169f4685193926a513618cf7fe7f0aa DEV main BSC WALLET address. Almost 3.5 million (BNB) dollar out from another wallet. But team try to make a drama for this token holders like they affected by hackers which is unbelievable. We have to learn from it because at end of the day such of meme coin will exit SCAM.

Token made out of thin air because their is a trend won't survived for too long. As you have said, if the tokens doesn't have something to use then it may stay that way but if it is only creates because of thw hype or trend then better stay away.

Security of course is of most importance when going into the 'unknown' but considering the hype around this you could say that it didn't give out a good vibe. Sure enough, the people who were fooled by it suffered irrecuperable losses and this is not because they didn't listen but because the greed overpowered their sense of sensibility and reality.

I hope at least those affected can learn from this grave experience and become better investors.

If I may add, to the trained eye, this rug pull was always a matter of time, a matter of 'when'.

That's why we have to be really careful in choosing which coins to own because we can't just rely on the hype. we don't know whether hype tokens can survive in the crypto market or not because more and more new tokens will come out and they will compete in the crypto world. if we choose crypto only based on the hype that is going on then that is a big mistake, we need to research the coins to be purchased so that they can be managed properly and provide profits.

I believe most are thinking that it may have the same fate like SHIB. But unfortunately, it is not. As the "dev" team decided to pocket money and disappear into thin air. If you want better assurance with your portfolio, better keep your choices in the top alts. And of course, bitcoin for me, should always be included as much as possible. Others are disappearing but we know, btc has the stronghold to survive in the market.

With this recent crash of meme token, more than likely, a lot of newcomers got burned. So they are thinking that crypto is a scam but it is the project itself. That's when confusion arises when newcomers try to ride the hype without sufficient knowledge of the market.

And what about a bounty campaign name also a squid game just like of what Im wearing right now but this one is different its squid coin, And I feel like worried about these because I feel Im wasting my time in here. But Im asking from the team that this squid game that applied was a different one and maybe I will stay and continue of what happen next or in the end of bounty. Actually its 4 weeks only than those project has longer to finish and in the end they are leaving in the project it have and become scam.

it's not the last time when someone uses hype to create token and take money from investors. if people give their money so easily scammers will try again and again.

Most likely, the company in which you participate will also fail. There are already so many fake tokens and everyone is trying to get a hype on a famous television series, the main thing is not to invest your funds in the project, and the signature will probably bring you a little money if the project is alive before payment.

The very consequences of not doing your homework and be moved by hypes, it's tough to see people losing their money
just because they invested in something that just a pure hype, the token named after popular tv series, no real usages
but more on pump and dump scheme from the developers who ride along with the popularity of this series.

Who the hell will put money on something that is copied from a TV series? There's no use-case at all. It's more dangerous to enter in a token that already has over a 3,000% increase just for a short-term period. Pure hype with no real use-case.

Nothing wrong with me taking part but at least some people should do some Do-Your-Own-Research properly.

I was asked by a colleague to invest in that coin so to make a "fortune" out of it. I said "no" because I was skeptical about it from the very beginning and thought it'd be better to say away. With all the hype surrounded, I even came to know that they were mostly able to "buy only" and couldn't sell their coins at pancakeswap which means the team either locked the selling part and only allowed the users to buy after which they pulled the rug and investors' minds got their bells rung, but till then, it was way too late as the devs who were making excuses like "they wanted to save the project from scammers" and blah blah blah just did their part and stole millions of dollars from the investors who blindly invested under the effect of hype.

It is clearly that it only follows only the trend and not to further research about the project. Many would've seem fall into this trap and most of the token scam nowadays are just like this hype. Risks is always part of the investment scheme however we should double our standards and choose wisely when it comes to crypto investments. Crypto isn't always an easyoney scheme, hardwork and patience to take the risk are fundamental.

many are stuck with these tokens because of the large FUD of the fraud community so that many investors are deceived. besides that, hype factors such as doge are one of the factors for them to be able to get instant profits. this must be avoided or will lose in large numbers

It's not like that. It's not about trusting anyone or anything.
It's about making money as quickly as possible and getting rich overnight. You see how these tokens like safemoon, safesun, shiborg inu, akita inu, shiba inu, and the list goes on, continue to rise from their least and have the (unexpected, temporary) potential to rise due to which people fall for these shit-meme tokens. I'd never advice anyone to invest more than 1-5% of their capital in these coins as they're all like Chinese items, if works, will run till the moon, else will die in the evening.

Im just thinking on that also of whatever a trend in these year they use it for advantage and yes we need to search before we make some move. But Im not invested of this project I dont want to waste my money on it. Actually there are project in here are worth to invested even do they take to long to wait earn a profit but the important is we have a comeback if we invested.

I got info from tiktok, this token is now possible to be swapped. If you have bought in the range below $0.05 maybe you can take profit now.

I suggest that whoever is still holding it to sell it immediately and never return. Set this token to be hidden from wallet watchlist and revoke all contract authorised (https://community.trustwallet.com/t/how-to-quickly-see-revoke-the-bsc-addresses-authorised-to-spend-your-tokens-with-trust-wallet/82564) of this token to avoid anything unwanted in the future.

Is this the same squid game token that questioned being scam? https://bitcointalk.org/index.php?topic=5368043.0 in which the OP cannot find any place where to withdraw His squid coin?

and what i am thinking is that who's fool that will trust a project that surely no future plans but only riding the popularity of the movie

Wonder the main loss cases :)

I don't see my friends talking about it because we all find it very risky.

However, when I read the news about the big scam, I was not too surprised with it, because right from the look at the product it was building was a scam product. I don't know about copyright issues, but the idea of ​​​​based on what is going viral on social media is already a bad idea, and only paranoid idiots would think the project was successful.

I guess you are right, something that's going viral on social media around starts the hype and sucks in many "naive" people! I am not surprised as well, similar things happened already, and I am sure it will happen many times again... after initial hype and price rise scam projects end with a disaster for people who fall on big promises!

Well, I can only hope that people learned something from this...

I saw how were the people promoting it thinking it will become other cryptocurrencies like bitcoins or other top altcoins where they think success in the crypto industry just like that. where you will gonna just choose a random token and when you see people flocking to invest in it in a crowd, you just blindly follow them without a second thought. Man! we are talking about money here, all your move needs second thought where you don't want to doubt your decision. They've just become victims of pump and dump coin where the owner of the coin uses the popularity of the drama (Squid Game) to convince their investors about their tokens.

It seems that you are expecting too much with tokens that have been abandoned by the developers to be able to rise again. If I as holders, may have cut my loss now before the token price dumps, rather than holding it, it will cost me even more. But, it's up to you, this is not financial advice, just if I own Squid.

There is only 1 way to bring this squid back, which is to do a relaunch and not from the old dev team. This means that whales and the community do a takeover by regenerating tokens with a service/product similar to squid and then giving airdrops to holders who buy before the team announces they are leaving the project. If this is done, squid becomes a community token and may be able to reactivate and secure investors' assets. On the other hand, if there is no developer, and there are still trades going on, I have negative thoughts. Well, I hope my thoughts are wrong.

You're stuck in this coin, now it's a matter of how to get out of it. Lots of pumps and dump projects like this have come to the crypto market and got lost from the market through scams. But at the end of the day, a lot of retail investors lost their money in these projects. I don't know on what basis you bought this token.

Since you have bought this token and no chance to get out of here, I think you have to accept this loss, because there is no other option for you. This loss will make you think many times about making such a decision in the future.

The token continues to grow. 51.39$ (700.96%)

I just laughed at this phenomenon. Meme coins fly but many are buying them because they are trending. Trading risks or investing without analysis are certainly bad and this happens. Something as volatile as this should be a concern not just preparation.

Wait, is this the coin you are referring (https://coinmarketcap.com/currencies/squid-game/)?

Yeah the price pump but what's the starting price of this coin, based on the link above, it's price was over $600 at one time and now less than a dollar, so what's up with that? though it is still pumping but how about those people who got caught by the FOMO.

and there's a note in CMC that tells.

The truth is that I had already seen this project by advertising on Facebook, but the truth had not taken it into account, because the series has been very interesting and all people are with the fever of the series, but after I saw it there were many contracts, I was not confident in entering, some even said that they had entered with 5USD and that they were in HODL mode and they were already earning a lot, but when I investigated I did not find any reliable source, in fact in some news I saw that even Elon Musk had bought the token, in fact after that news I didn't look for it anymore, then I stumble upon the news that the biggest scam dump happened, it's incredible.

maybe he is referring to another squid game coin because just like doge coin and other meme coins ,
 there are a lots of copy cats that arise after their success and i check your link and it says theres only 12 percent rise from the original squid game coin .

SQUID GAMES is an example of the many shitcoins to watch out for. I'm sure everyone knows about SQUID GAMES or something similar but is still trying to invest here. There have been many who have lost money from this kind of Shitcoin. I've never followed an investment like SQUID GAMES I feel lucky not to lose assets in SQUID GAMES.

Price of squid game raise up although still under expectation from many holders before, after announce about squid game coin listing on Lbank price all time high on there exchange raise $1, but now have dump half and last current price of squid game coin is $0,45. Have possibility maybe back to $1 because higher volume transaction on Lbank and give little trusted for investor why should invest back on squid game coin, but I am not recommended for long term holding because this coin kind looks hype.

And there are still new investors that are thinking of investing in memes and new coins. They're chasing that they might be millionaires within a short period of time, that's why there are still a lot of people that are prone to this scam. They're not stopping because they see the first investors who have made money and they want to be the same as the others. But the risk is on them because they might be late already and the project they've invested is about to rug pull.

Yes, a lot of people have lost money from this SQUID GAMES and it can't be separated from the film which is really selling well,
of course this kind of thing will always exist in cryptocurrencies,
so we really need to increase our vigilance and don't easily believe in things like that

Actually, I can’t blame CMC here. Coinmarket has no chance to verify the legitimacy of the project until victims report it. The project came to market just like any other altcoin at startup. In the meanwhile, they started shady behavior. CMC started warning its users as soon as they came to know about it.
People actually invest in these scam projects out of greed, everyone should be a little aware.
https://i.ibb.co/cYBHv2P/squid.png

Yeah I heard this token recently, and I knew that this will temporarily and I'm not wrong about it, because they are obviously ride in the trend
after the series episode of the Squid games became successful, and now the developer saw that it is trend He made a token and named into
Squid Games for thinking He could get a lot of money and apply the Rug full.

If newbies think about coins or tokens listed on CMC = Legit, I think they should read more before starting to invest.  We really can't blame the media where the coins or tokens are registered but back to the wisdom of the investor's thinking.  After the news of their rug pull, the price rose again at 0.3 USD.  does that mean anyone still wants to try to buy it again?  On the other hand, because the token is in the BSC, CZ is currently trying to track scammers like this, and admits that scams like this often happen because they are developed by each community.
https://decrypt.co/85276/binance-says-trying-find-scammers-behind-squid-game-token?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

Damn what? Did the price of this thing actually go up.

This represents everything that is wrong with the crypto space right now. The fact that people were willing to pile money into something where they couldn't even withdraw from is truly mind boggling. There was no project, it's pure vaporware.

Not to mention that now the scam is exposed, prices have actually risen 200x from its lows which makes absolutely zero sense.

Gotta blame the influencers for getting paid to shill the scam. Peope orobably just fomoed in because it just going up and most of they buyer dont really know whats in the contract when buying.

I expected it and I think everyone does the same. I'm kind of late riding the hype that's why when I see it's now on the price where everything is FOMO, I decided not to take part anymore as I think the bubble will explode quickly.

Feel sorry for those who got FOMO. I don't think another big pump will ever happen again.

I'm definitely sure that we won't be seeing any more pumps for that squid game token unless something very significant happen in the future otherwise, it's all bygone now. This happens every time in crypto and people don't just learn. Scammers just take advantage of recent trends that excites people and then leave them with their pants down and balls deep into their scam project. I felt bad for squid game holders but then, we have to move past this. 2021 and everyone is still chasing shitcoins and scam tokens.

With an incident like that, we all need to be more thorough and have a deeper analysis in choosing coins and don't just rely on hype, what we need to pay attention to is whether the coin will last long in the market or only finish after the hype. if someone is only interested in a coin because of the hype then I think that is a big mistake.

Crypto money developer Squid Game took US$3.36 million worth of investors' money. The carpet pull mode that created pools for Squid Game's cryptocurrency liquidity on the exchange then disappeared in an instant. As a result, this cryptocurrency has no price or US$0. Whereas crypto money had reached the highest price of US $ 2,861 per coin.

I'm still thinking why people can be scammed by this same strategy to use the popularity of something in demand that time.

Imagine a Popular show can be a crypto token? then what is the future? does the show will stand for another 10 years? or even so what is the product ?

Sorry for the loser but i think this must be something that they need to understand and learn.

As an investor, it's your responsibility what, where, and when to invest your hard-earned money, if you're a newbie you can charge this to experience and be better,  but if you already invested on some coins and have been into the market for at least a year and you've been scammed by a project like this Squid game token the blame is on you, you should know better, you know how to look and what to look.
This Squid game has a lot of warning signs, name, and theme of the coin derived from a popular movie and lives on hype, if you cannot moderate your greed you will not think clearly and see all these signs

CMC has been creating a report for this one project before it was getting rugpulled but people keep ignoring awareness that already created by CMC and they were still putting their money into the liquidity pool to buy this shit scam token.

I have been talking about some people who have been re-investing their money on this shit scam token and they didn't care if it will become another rugpull that will make them all lose their money again. The same thing is also happening with buff doge shit scam token. There are so many die hard that will be buying more and more this shit scam token. Too much people with small amounts of money wanna get rich in a night by holding garbage token and they think that they can make a few hundreds dollars in a night. Meme token was so crazy at this moment. People should always be careful with it. Meme token trend was making so many newbies lose their money caused by rugpull by scam developers.

I've been a victim of fomo tokens by people who have high popularity. it turned out that everyone was made a victim of his coin advertising, at that time I found out about the science of shitcoin how to take extra profit. Until now I don't believe people who have high popularity anymore just for the chance alone. it's better to do your own research and deepen the science of crypto

Squid Games token is now a joke for those of us who already understand that this coin is a coin that will soon rugpull. In fact, I am surprised that some communities are very enthusiastic about promoting Squid games token even though the potential of rugpull is very large. I laughed loudly when I found out it was rugpull  ;D

Thats true, that's why following hype coins/tokens is dangerous, I feel sorry for those investors but Binance said that it won't leave that problem hanging that's why currently they are tracking those responsible I hope it will be returned to the investors asap, I remember also about the sushi token when one of its founders has run with the funds but thanks to Binance they just freeze it and the corrupt team member return the funds, that incident was resulting also to crash the sushi token price.

Squid game tocken is the biggest rug pull in crypto history. We witnessed the fastest and biggest fraud event in the history of the world. Risk part of the meme coins are rug pull.

Here you were not able to withdraw the coin due to its anti dumping feature it's the giant red flag for me.And in their website had spelling and grammatical issues. There are multiple red flags around this tocken. Immediately after it was declared as a fraud or a scam their social media pages, websites everything was gone there is no way to be able to track. This money has just vanished into the thin air.

So this is a warning to make sure you do your own research and invest in reputable coins and tocken. Make sure it's legitimacy and you're investing in those tocken that are backed by some legitimate hard evidence. And make sure you don't put too much money down that you can't afford to lose and keep your risk management in check.Generate some discussion generate some conversation and make people aware so that they don't fall into these traps.

It turns out that there are still many who are easily incited fomo. Coin memes should not be made into something serious. Even this squid trend also occurs for a moment, of course this coin is also only a moment. Lucky for those who had time to take the results of this shitcoin. Stay strong for those of you who are still waiting for this shitcoin to pick you up at the top price.