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Cryptocurrency

Squid Game Cryptocurrency Skyrockets By 2300%

Squid Game Cryptocurrency Skyrockets By 2300%

  • A cryptocurrency based on the popular Korean Netflix series Squid Game was launched 3 days ago
  • The value of the cryptocurrency has surged from $0.01 to $2.2 over the last 24 hours
  • The token was created as the exclusive coin for the series project- a play-to-earn platform

Netflix’s dystopian Korean show “Squid Game” that shows adults competing for cash price has gone viral since its release.

The series now has its owned brand of cryptocurrency which has surged in value over the last few days.

SQUID is has skyrocketed by more than 2,400% in the past 24 hours, pushing its market capitalization above $174 million.

Those interested in purchasing this token will however have to exercise caution because some users have been unable to see it on Pancakeswap, according to CoinMarketCap.

It remains unclear while users are unable to sell their squid tokens and the company’s website is yet to calm the fears of users.

The Squid Game token was listed on a presale on October 20 and sold out within 1 second, according to its whitepaper.

It joins a growing list of meme coins without any solid projects that have jumped in value over the past few days.

In October alone, the Shiba Inu token has skyrocketed from $0.000006 to a current value of 0.00007, more than 10 times its initial value.

The squid token was launched as the exclusive coin of the Squid Game project — a crypto play-to-earn platform.

Squid game

The online platform will allow users to compete in a tournament that copies the six rounds of games featured in its namesake TV show- Squid Game.

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