Why is Squid Game still listed ?

[Len Saldua]

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game.. 

[1714314798]

1714314798

[1714314798]

1714314798

[1714314798]

1714314798

[1714314798]

1714314798

[1714314798]

1714314798

[1714314798]

1714314798

[Twinkledoe]

Maybe, those holders are still trying to get something out of it. But sooner or later, this token will die down eventually. So for holders, better discard it while you can, because later on, I don't think it can still fetch a price in the market. And in terms of LUNA, I don't think this can recover even if the CEO is saying he will revive this project. No one will trust them anymore.

[jossiel]

It's because the volume is still there and these exchanges that haven't delisted them are benefiting from them. IIRC, bitconnect was the same.

It took a long time before most of the exchanges have already removed it. This time, it's all about traders that as long as there's volume and it is liquid.

They don't mind getting in and they're aware of the risk. But it's better for them to just find another coin and pair to trade and not with this scam coin.

[decodx]

My understanding is that Binance blacklisted developer wallets, so the token is now completely controlled by the community. I am not sure why some people still trade Squid Game tokens, since I would never invest in such worthless meme coins, but at least a new rug pull from the developer side is no longer possible.

When it comes to the exchanges, they will list anything since their only goal is to earn from trading fees.

[bitkanu]

Pumpers and dumpers will always be using squidgame to play. It doens't matter whether that has proven to be a scam token or not as long as pumpers and dumpers can make money from there and they will always try to buy the scam token.
I know that if you are ever loosing in the squid game and that would be a very painful for you but this is crypto when everything that is still in the blockchain can be manipulated easily.
It's pretty similar like when you are buying worthless token but again squid game is not yet erased from the blockchain

[TravelMug]

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game.. 

The only explanation is that there are still investors who pour their money on this project. So obviously they will survived that way. Nevertheless it doesn't mean it is not a scam or will not do a rug pull. What if suddenly their investors withdraw and move to the next hype? So there is still danger here, so it's better to be very cautious about this kind of token with no real use case whatsoever but pure pump and dump scheme that might harm investors, specially beginners in cryptoverse.

[makishart]

Squid game will never be delisted from the exchange site until the blockchain that used to build this token is dead. Why? it's still listed on the decentralized exchange site but look at how some centralized exchange site didn't even care about the case that happened with this token.
There's also new probability of squid already taken by the new developers. Those dumb people will always buy the dead token from the market. You must not be surprised with it.
That's only a shit token that is still being bought by dumb people who used it as pump and dump token in the market.
I would like to call this people as gambling instead investing as they bought scam token

[Jaered]

If you know about crypto, you'll know that pretty much most projects rely and work on hype. Squid game was the series for 2021(acutely taken in by people because of the enforced covid home stays) so this hype translated into the crypto, and thus, m you see what is going on there

[asriloni]

It was proven to be a scam and we know so well the history of squid game. The different thing is the total supply of luna that was triggering the very big inflation. Yeah squid game was a scam token but you must also analyze the total supply that owned by both.
This time luna has almost 7 trillions on its total supply while squid game was around 800 millions. There are huge gaps between both and it think that's a common thing to see that squid has more price than luna coin.
The total supply was even different and don't you aware about this? As long as the token is still actively traded even with the small volume and this will make listing site will not to delist it

[ItsNotSean]

It is impossible for exhanges to know the full etory of all of the 10s of thousands of crypto projects that have launched. The best they can do is set up certain reasonable criteria and parameters for the project to meet, and then allow the free market to pick winners and losers, and warn each other of potential scam projects.

When $DOGE first launched, it was done as a joke. Some may have considered that a "scam" by some estimates. But over time the joke started to take itself more seriously, and is now a top 20 project.

Who can say for certain where the ultimate value lies in each different protocol or project. Consumers need to take more active responsibility in evaluating projects, not less.

[dansus021]

When it comes to the exchanges, they will list anything since their only goal is to earn from trading fees.

I do aggree with this and yes maybe the developer already withdraw lot of coin and mixing it but the exchange still need trading fee  . you can take a look 5 CEX still listed this token

[Innerpumper]

I think they will be delisted when they really are in the bottom position or disappear from circulation when drowned by other projects that will list on Coiningecko because as far as I know coiningecko never removes coins from their list even when everyone considers rugpull. If you mean, this squid rise means they're going to bounce back I think that's wrong, because there's still a chance it's an inducement for people to start getting in there to get stuck there. Rugpull meant they were completely abandoned by the team, but LUNA didn't.

[wildan88]

Coingecko is not an exchange site and can list whatever coin does people wants as long as there is enough vote I think? so it is not surprsing that it is still in coingecko since coingecko is just a tracking site not exchange site, it is different if it is listed on exchange like Binance.

[cryptoaddictchie]

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game.. 

Ofcourse once they listed it there are times that it will be there since they put up data on that. Now probably getting hard time to monitor those projects that arent providing trading volume and liquidity anymore. There are plenty of projects that arent have any trading activity now but still on the list. Just dont mind it, maybe one suggestion to coingecko to delist any project that arent active.

[crwth]

With all the trading volume they get, they would love to have their hands on that kind of volume. Squid game having a more significant value mainly is driven by its name? I guess. It's only used for trading, not actual use, for sure.

The sad part about it is that many people have lost money in LUNA and are probably affected by their living or quality of life, and it's still being used as an asset that has almost 0 value. I saw some portfolio that had $1M on Luna and is now valued at $1000, so it's scary.

The exchange is still benefitting from the trading transactions, so that is probably why it's still not out.

[noorman0]

It doesn't matter the scam status, as long as the coin is still in the GC user's watchlist or at the top of the search list, they will still list it. The service must pamper users so that they visit the site every day which is nothing but to maintain visitor traffic.

[TopT3ns]

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game.. 

I think SQUID Game and LUNA have very different founders and the concept they developed is very different, LUNA still has products that can be useful for many people, while for SQUID Game, I don't think it has much development which of course makes them unable to last long.

[PrivacyG]

I am wondering the same about the existence of over 90 percent of the coins on Coin Gecko or Coin Market Cap's list of currencies.  Most of them are copies and scams.  The amount of Cryptocurrencies adding an actual value to the Blockchain technology and Cryptocurrency adoption is negligible.

On the other hand.  I wish they de listed all these scams while I also do not.  Years ago there was this Cryptocurrency with a racist name that sparked a lot of discussions and debates.  Is it right to start censoring or should it be OUR own choice to find and decide what is better or worse for ourselves?  Technically, there is a good reason to ban and de list scams.  But practically, this still is called censorship.

I would say it should be us to put the blame on for trusting random Cryptocurrencies just because their name appears on a no name Exchange.  Who the hell even thought and believed Squid Game coin was going to be a successful thing?  Look up the latest Altcoins that popped up.  You will see there is a similarity of more than 75% between them all.  Nowadays High APY is trending, so that is what you see for almost any new coin.

You should not invest in random coins for the same reason you should not invest in random businesses listed on the Stock Exchange.

Things were way more fun back in the day when only few Cryptocurrencies existed and most of them tried to actually bring utility and progress.  Nowadays it is more like we are giving value to bags of poop.

-
Regards,
PrivacyG

[BlackBaron]

I think SQUID Game and LUNA have very different founders and the concept they developed is very different, LUNA still has products that can be useful for many people, while for SQUID Game, I don't think it has much development which of course makes them unable to last long.

In my opinion, there is no need to link the two projects as both have cut the high expectations of the token holders. However, the Luna project is still better because it has a team that has been verified and is still determined to develop from the bad things that have happened at this time.

[LogitechMouse]

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game.. 

You noticed Squid Game because of the recent scam that happened a few months ago but you didn't notice the other projects that are listed on Coingecko that has no use case or pretty useless at all.

Isn't a coin that is useless, no market cap, low volume on exchanges, no community whatsoever a scam? They aren't scamming directly yes but, most of the listed altcoins right now in either Coingecko and Coinmarketcap are pretty useless TBH. One thing more is that comparing these 2 coins are kinda irrelevant. If the UST incident didn't happen, will you compare these 2 coins?? Another one is Squid Game only has 800 MIL total supply with a price of 1 cent whereas LUNA's supply has 7 Trillion. Why comparing these 2 at first place BTW?