SQUID GAMES TOKEN CRASHES

[armanhusni]

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/

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.

[Teknisi88]

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.

[bitterguy28]

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'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.

[robelneo]

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.

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.

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

[TastyChillySauce00]

CMC started warning its users as soon as they came to know about it.

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.

People actually invest in these scam projects out of greed, everyone should be a little aware.

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.

[super bako]

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'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

[kojektea]

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 

[masterrex]

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/

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.

[lucates]

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.

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.

[darmin]

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.