#SQUID GAME CRYPTOCURRENCY TICKER PLUS#
#SQUID GAME CRYPTOCURRENCY TICKER SERIES#

Billions of dollars were lost to scams and “rug pulls” like the Squid Game token, where scammers shut off the ability to sell the token and walked off with their own profits.

#SQUID GAME CRYPTOCURRENCY TICKER PLUS#

Past isn’t always prologue, and it’s true that the pandemic era has seen some irresponsible speculation in the crypto sphere, plus fraud in digital assets hit an all-time high in 2021. Over the last 10 years, only one year, 2014, has seen the overall market capitalization of cryptocurrency decline. The best crypocurrencies to invest in now. Business & Finance Click to expand menu.All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.

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(NFLX) told CNN Business last week that it was not affiliated with the cryptocurrency, and declined to comment further.ĬNN Business reached out to developers of the SQUID project through contact information listed on its website, and did not immediately receive a response. Executives have pointed to the show as evidence that its growing slate of international content can resonate with a variety of audiences.

#SQUID GAME CRYPTOCURRENCY TICKER SERIES#

The company told CNN Business earlier this month that it had been viewed by 111 million accounts since its debut in September, making it the company’s “biggest-ever” series launch. “Squid Game”- a dystopian fictional drama - has become Netflix’s top show globally.

Another red flag: Investors could buy – but not sell – SQUID.ĬoinMarketCap also warned potential investors that SQUID was probably a scam, displaying a warning to “exercise extreme caution” if they bought the crypto.

GIzmodo pointed out numerous signs it was a scam, including its (now disappeared) website being filled with spelling errors. SQUID was billed as a token that can be used for a new online game inspired by the popular Korean language series, which is based on a deadly tournament of children’s games. The scam, which was reported by Gizmodo, is called a “rug pull.” That means the crypto’s creators cash out of their coins in exchange for real money, quickly devaluing the crypto’s value.īefore the rug pull, the crypto’s market cap was a little more than $2 million, according to CoinMarketCap. The cryptocurrency, appropriately called SQUID, surged as high as $2,861 before falling to $0 as of Monday, according to CoinMarketCap. A digital currency based off the popular Netflix series “Squid Game” is trading at $0 after its creators cashed out, effectively stealing an estimated $2.1 million from investors.

Squid game cryptocurrency ticker