- Squid Game (SQUID) token rug-pulled from about $2,861 to zero in a span of minutes.
- The token aims to ride on the popularity of the Netflix hit of the same name.
Squid Game (SQUID) token recently crashed from about $2,861 to zero in a span of minutes. Many are now saying that the project is a classic example of a rug pull.
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The token website, as well as its social media handles, are now gone. Prior to deleting its accounts, the token sent a message saying that the developers are “depressed” due to scammers and that the token will “enter a new stage of community autonomy.
Prior to disappearing from social media, a representative from the token wrote:
“Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and [are] overwhelmed with stress. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy.”
SQUID’s alleged rug-pull was witnessed live by many crypto traders as well.
Interestingly, other Squid Game tokens continue to exist at least on social media spaces, albeit with different tickers.
These tokens aim to ride on the popularity of the Netflix series of the same name.
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