Squid Game (SQUID) cryptocurrency, a token referencing the famous Korean Netflix series, has plunged to nearly zero. As the price of the token crashed, the founders of the Squid Game token group, which has over 90,000 members, left a message on their Telegram channel.
The token value fell from his record high of $2,861 to $0.002873 at the writing time. Thus, it means, it fell 99.98% in just 5 minutes on November 1, 2021. According to reports, there is an unknown scam group behind the crypto called Squid Game. Some users claimed that these artists have officially pulled the rug out from under the project, running away with the funds trapped inside.
Note that the Squid Game-inspired token surged by over 86,000% in a week, although it never had any official connection with the popular Netflix series.
For instance, the website, which was hosted at SquidGame.cash, has disappeared. Also, there is no social media presence that the founders had created. But, there is an archived version of the website on the web archive.
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Source: Cryptocurrency - investing.com
