SQUID GAMES TOKEN CRASHES

[iv4n]

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...

[yazher]

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.

[masulum]

I bought 500 squid tokens for $0.12 yesterday, and its price has not returned to 0.12 until today.
Its project party has escaped, and its contract can no longer be modified. Now it is the retail investors themselves who are trading squid coins. I hope it can rise again.

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.

[ScamViruS]

I bought 500 squid tokens for $0.12 yesterday, and its price has not returned to 0.12 until today.
Its project party has escaped, and its contract can no longer be modified. Now it is the retail investors themselves who are trading squid coins. I hope it can rise again.

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.

[Kypher]

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

[nekorakoeora]

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.

[Maslate]

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

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.

We have received multiple reports that the website and socials are no longer functional & users are not able to sell this token in Pancakeswap. There is growing evidence that this project has rugged. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is NOT affiliated with the official IP.

[LUCKMCFLY]

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.

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.

[imstillthebest]

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

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

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 .

[asyakashi]

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.

[rahmad2nd]

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.

[passwordnow]

This expensive lesson should be an experience for new traders who wanna catch  Hype order to be quick rich. Stay away in all costs...

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.

[globalpain]

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.

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

[LittleBitFunny]

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.

[martina14]

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/

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.

[oHnK]

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

[timerland]

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.

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.

[malcovi2]

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.

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.

[goinmerry]

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.

[nelson4lov]

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.