An altcoin inspired by the Squid Game had a surprising rise this week. Netflix’s hit series “Squid Game” has also reached the cryptocurrency space with its popularity, and the SQUID token is already up over 25,000 percent this week, according to CoinMarketCap.
Squid Game-inspired altcoin leaps forward
“Squid Game” is a South Korean dystopian drama about people competing for prize money in brutal survival games. The hit series has become a global cultural phenomenon. SQUID was trading around 1.2 cents on Tuesday, but is now up at $4.33 – almost 25,000 percent. SQUID’s pre-sales began on October 20, and according to the whitepaper it was “sold in 1 second.”
SQUID is a “playing” cryptocurrency. SQUID owners can participate in online games inspired by the games in the series. Entry fees are charged as SQUIDs – 10 percent of which goes to the developers and the rest is credited back to the prize pool.
“The more people participate, the bigger the prize pool will be,” according to the whitepaper. The document also states, “More importantly, there are no fatal consequences! Your experience will only reflect the joy of winning prizes and the sadness of losing money when the game fails,” he adds. SQUID joins the ranks of meme coins like Shiba Inu, which are experiencing massive price spikes for no particular reason. cryptocoin.com As we have also reported, SHIB has been one of the most rising coins throughout the week.
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