SQUID GAMES TOKEN CRASHES

[pealr12]

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!

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.

[triat]

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!

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.

[oHnK]

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.

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.

[mindrust]

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/

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.

[geegaw]

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!

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.

[Stanlo]

~

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.

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

[vv181]

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.

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.

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.

[bluebit25]

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.

[TimeTeller]

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?

[jeungo]

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.

[sulendra12]

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 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.

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/

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.

[Oilacris]

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.

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.

[Wawa2013]

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 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.

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/

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.

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.

[bayudndy]

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.

[wajik-tempe]

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/

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

[onecall123]

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 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.

[triat]

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.

[Swapzone_pr]

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 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.

[deepblue01]

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.

~

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.

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

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

[omone1]

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?