Why is Squid Game still listed ?

[cdog]

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.

GC may already know that Game SQUID is part of a scam project because many victims have lost due to rug pulls, but GC only lists the trading volume of coins that have been listed on the exchange, so we know that many shitcoins can be easily listed on GC and CMC.

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[kojektea]

Coinecko is a website containing information about tokens/coins, it's not an exchange. I think they will have no problem presenting any coin information even if it is a rugpull coin, because no one will buy it there. Usually a type of rugpull coin in Coingecko will disappear by itself along with being drowned by a new generation of coin projects that will soon be listed on Coiningecko.

[MAAManda]

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.. 

Even though the Squid Game (SQUID) developer is proven to be doing Rug, their community still wants this token to continue. You can see the warning given by CMC on the CMC token Squid Game (SQUID) page.

" It appears that this asset can now be traded freely on various exchanges. The project is now ostensibly run by the community after the initial rugging allegations. Please do your own due diligence. This project, while clearly inspired by the Netflix show of the same name, is NOT affiliated with the official IP. " - https://coinmarketcap.com/currencies/squid-game/

And again, you can't compare $SQUID with $LUNA, why is the price of $LUNA so far now? that's because they have a very large circulating supply. Currently circulating supply at $LUNA is around 6,500B while in $SQUID tokens, there are around 800M in circulation. Of course that's a very far comparison is not it?

[jrrsparkles]

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.. 

These popular coin tracking websites need to change their algorithm for actual reporting value because literally the trading volume of those tokens become zero but still exchanges may have pending orders and it will be there forever but the tracking sites have to remove them to keep their reputation up.

[masterrex]

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..  

IMO, I think the probable reason was Squid Game is still popular because it was attached to a popular game on TV thats why many holders are still trading that token till now, but it doesn't mean its safe already because as we observe in the past a number of projects that have already been involved in the series controversy will always die in the process if the leadership or the team of developers has already abandoned it. that's why? be careful who knows that anytime soon it will collapse.

Anyway, Terra Luna has a different story compared to Squid Game thats why it's inappropriate to compare it to the Squid Game fiasco.    

[mdzahed134]

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.

Then why LUNA team minted new tokens if already blacklisted dev wallets by Binance, i think all of minted tokens selling by LUNA teams, even Binance CEO said to LUNA team to burn new minted tokens. SQUID token holders over 100k, and still it's trade ongoing with several exchanges, it’s listed two biggest centralized exchanges, so many holders with this project even after SCAM.

[lobo13hf]

it's still listed and nothing wrong with this. Im sure that the fraud case of squid game has been making bunch of people are loosing their money but it seems like this can't be delisted if the exchange site has not yet decided to delist this scam token. I know that you are feeling frustate after seeing how it is still listed on the exchange site but you must also aware about this. Im sure that as long as this token is still alive and it can always be traded on the blockchain. This was permanent. It's caused by blockchain were running by so many validators.
The question must be for the exchange site why it is still listing scam token like this.

[niceli]

The point of coingecko is not to get things that are shady or shticoin or scam to get delisted, they are just there to make sure that they list everything they can, even if it is a scam. However, the idea that it is still standing and still used by people and even up for a small amount is a big deal, that basically means that you can't really expect much from the crypto community these days. If we are along with people who are willingly spending their money on a proven scam coin, then it means that we can't really hope for anything better in the crypto world to happen anytime soon neither. We will have a ton of scam projects in the future as well, as long as people are proven to be scam and yet people are still investing into it then there is nothing that we could do about the community growing to be better and getting richer, we are just hopeless.

[Eedris]

I believe those who still invest in the squid game token do so to play the pump and dump game (fully aware of the risks attached). The just need a little upward movement in price to take out their funds. The last man standing is the loser in this case unlike the movie the token was all about.

[wxa7115]

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..  

This is not the fault of coingecko, if there are some exchanges out there still allowing people to trade that scam coin with some volume then it is their responsibility to report it, it would be completely different if they were encouraging people to invest in the coin but since that is not the case I do not have a problem with this.

This is similar to the bad news that are reported, are those that report bad news responsible for them? Should they hide them? Not really, they are just informing us about something that is happening and nothing more.

[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.

Then why LUNA team minted new tokens if already blacklisted dev wallets by Binance, i think all of minted tokens selling by LUNA teams, even Binance CEO said to LUNA team to burn new minted tokens. SQUID token holders over 100k, and still it's trade ongoing with several exchanges, it’s listed two biggest centralized exchanges, so many holders with this project even after SCAM.

You've made a mistake, I'm afraid. This thread is about Squid Game. What does the LUNA team have to do with SQUID tokens?
The Squid Game token was a scam, and the developers did a rug pull from under token holders. It has nothing to do with what happened with Terra LUNA and Terra UST.

[uneng]

"There are reports of rug pull in this project in mainstream media. Please proceed with caution".

CoinGecko is just an informative site. They are right in detailing every cryptocurrencies of the market indiscriminately. There are no issues by doing this, especially because they display a warning message on the top of the screen. We could argue the message should be more highlighted or the text more emphatic, but scams are also part of the history and shouldn't be forgotten or ignored. Instead, we should learn and keep them alive in our memories to not fall for similar offers in the future.

[goaldigger]

I believe those who still invest in the squid game token do so to play the pump and dump game (fully aware of the risks attached). The just need a little upward movement in price to take out their funds. The last man standing is the loser in this case unlike the movie the token was all about.

It’s still there because Squidgame is still listed on 9 exchanges and seriously there’s still a huge volume for this one and yes technically those are the old holders of this token but if the developer already abandoned this, I also don’t know why those exchanges still listing it, maybe those exchanges have the holdings as well that needs to be disposed so better to be careful on this and don’t trade at all, this is just another pump and dump shit tokens, can’t be trusted at all.

[Yogee]

There's nothing Coingecko could do other than put a warning once users are on the Squid Game page. Maybe you could write them a letter requesting a take down. You can do the same with Coinmarketcap and other less known market data aggregators.

[bitkanu]

I think coingecko just gonna list any altcoin they could see but in the case of squid game and any other scams tokens coingecko just gonna give an alert and maybe head on that this specific altcoin might be a scam.
it's just like how CMC usually giving a warning that some altcoins might be highly fluctuative, scams, rugpulls and etc.
Considering the fact that this squid game coin itself is still traded in some dex exchange that I think is ridiculous but I guess some people just don't wanna let go this squid game coin even after the massive rugpulls.

[Menawi12]

There's nothing Coingecko could do other than put a warning once users are on the Squid Game page. Maybe you could write them a letter requesting a take down. You can do the same with Coinmarketcap and other less known market data aggregators.

yea , we must submit request to coingecko team so they could delete squid game data. it really  dangerous if any investors buying it without understand reason this price drop alot. cmc and coingecko must understand this risk in our request.

[nurilham]

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 am also confused about this because it is still also listed on CMC. and when I check on the exchanges, there are still several exchanges that list the token with quite a good trading volume.
Yes, this is proven as a scam token. But now, the token is managed by the community, maybe the community doesn't want their money lost and they manage the token and still tradable.
I wonder and search for the token in both CMC and COinGecko. In fact, there are also several token name Squid, Squirt and othe Squid ..... 

[adzino]

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 doubt any top centralized exchange would keep squidgame token listed. If people are still trading, then they are most likely trading using a decentralized exchange. The market cap of the coin is so small that anyone can actually manipulate the price. Luna might worth less than squid game but in terms of marketcap, I bet Luna is higher. So Luna actually worth more than squid game. It doesn't has to beat Squid Game. I doubt luna will ever recover.

[LouVandetta]

Ah yeah, I almost forgot that shitcoin even exsited. But it's still listed? So I guess there are investors that still trying to make the token alive so far. If it's still there, then there's demands over their markets. But be very careful. It's not very advisable to invest on it. It's indeed sad seeing that a rugged token still exsited to be traded on some exchanges.

[yazher]

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.. 

There is nothing that can stop them from scamming because no one in this world will go to their place and prove if they are doing anything about their project. They can say what they want giving false promises to their investors and listing their coins as if nothing has happened. too many reasons for them to stop this project but what can we do? they just saying nonsense in their telegram group giving their investors false hope and not caring about their money at all.