Squid Game Cryptocurrency has made people poor [TKB World]

Squid game series is becoming quite popular these days. It became so popular that crypto tokens were made in its name. People bought it fiercely and are now on the verge of becoming a pauper. but why?

In fact, seeing the success of Netflix’s series Squid Game, a cryptocurrency was created with the same name, which has now crashed and its value has become 0.

According to the coin market cap, the value of a 1 cryptocurrency called Squid Game was recently around $2678, which has now become zero. The website of this crypto token is also missing.

Tech website Gizmodo called it a scam, but despite this, investments in Squid Game crypto continued and people bought it in large quantities. This crypto token was sold cheaply during the pre-sale and later its value increased rapidly.

Gizmodo gave it the term Rag Pull. Rug Pull means that the creators of this cryptocurrency earned real money by selling all the coins, due to which its value has become zero.

According to the coin market cap, before Rug Pull, the market cap of Squid Game crypto was around 14.5 million. Coin MarketCap also warned investors that this token named Squid Game could be a scam.

SQUID Crypto was launched on October 20. Initially it was cheap, but later it became very expensive. In such a situation, the people who had invested in it have suffered a huge loss.

Now such a situation is such that those who had bought this crypto very cheaply are also at a loss.

This crypto has turned out to be a kind of scam. Because its domain SquidGame.cash was registered just before the launch. Not only this, this crypto has nothing to do with the Squid Game series, because it has not been endorsed by the makers of this series or by Netflix.

This cryptocurrency named Squid Game is not associated in any way with the official series. This crypto token is inspired by Squid Game and since its launch, its value had increased by 2.3 million percent. Now in a way this cryptocurrency has crashed and the value has reached zero dollars.