SQUID GAMES TOKEN CRASHES

[Dread Pirate Roberts]

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.

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?

[sgenuine]

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 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.

[HashingTower]

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 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

[Stanlo]

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

[lienfaye]

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/

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.

[TheMimic1]

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

[JeWay]

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.

[Dr.Osh]

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

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.

[sunsilk]

<snip> AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

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.

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.

[errorcode99]

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/

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

[Valak]

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.

[Strongkored]

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.

[Baofeng]

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/

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?

[matchi2011]

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/

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.

[Ararbermas]

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..   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

[isaac_clarke22]

~

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.

[pakhitheboss]

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/

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.

[clarkt]

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!

[vv181]

~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.

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.

[tvplus006]

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.