The cryptocurrency, which was launched under the name Squid Game (SQUID), became the address of a historical highlight, rising thousands of times and losing tens of thousands of times in just 5 minutes. The website and social media accounts of the crypto money project were closed.
Squid Game, one of the latest Netflix series watched like crazy all over the world, still continues to make you feel its popularity. The series has also appeared in the crypto money market in the past few days. But behind the cryptocurrency with the same name as the series, there were no producers of Squid Game or anyone related to the series.
The people who released Squid Game (SQUID) promised that Squid Game games would be played online on a platform to be created. Players who paid a certain amount of SQUID for each game would get their share if there was a winner. 10% of the share would go to the producers of the game as a commission. But when there is no game or anything concrete yet, forget the commission, all the money is gone.
Rise like an anecdote,
SQUID, which was just released on October 26, opened at about 0.012 and started to gain value suddenly after it was heard. The cryptocurrency experienced a very interesting rise this morning after hovering around $35 levels yesterday. It rose to $100 at 10 am, exceeded $500 at 12 am, exceeded $1,700 at 12.30 am and by 12:35 am seeing $2,856 The veteran of the years challenged Ethereum, which is standing with its solid project.
It ended with a fall like a joke:
Seeing $628 at 12.25 p.m., $2,856 at 12.35 p.m. SQUID, from this level to 0.0007926 in just 5 minutes fell. Even though it has increased a bit afterwards, it is around 0.0025 in these minutes. This unprecedented huge movement, which took place in just 5 minutes, has of course made its name in the history of crypto money as a fraud event.
As soon as SQUID hits its peak of $2,856, it’s about market value of $30 billion reached. All that money evaporated in 5 minutes.
The website and social media accounts of the project were closed.
The project’s website and social media accounts were shut down after the cryptocurrency’s value depreciated so much that we could not calculate in just a few minutes. However, SQUID was also closed for trading.