{"id":52117,"date":"2021-11-01T14:49:59","date_gmt":"2021-11-01T12:49:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52117"},"modified":"2025-09-03T08:37:56","modified_gmt":"2025-09-03T05:37:56","slug":"squid-game-inspired-token-plunges-from-2856-to-near-zero-in-minutes","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/squid-game-inspired-token-plunges-from-2856-to-near-zero-in-minutes\/","title":{"rendered":"Squid Game-inspired token plunges from $2,856 to near zero in minutes"},"content":{"rendered":"<p>The price of the SQUID token, launched inspired by the popular Netflix series \u201cSquid Game\u201d, plummeted within minutes from $2,856 to $0.005.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/Zug0UvWb4pS54TTjg9euxKfgJzsJX_upmN0ftxXE7JDBIke5T4RN8ua5Mh2rQumfvtdm-YTsIz34yPg6TPWijWKJCJGRhC_li6Vueq9UHBqnxt8NSG1HuUIXK7kYuYfVYGZ0kveI\\\" alt=\\\"Token inspired by 'Squid Game' plummeted from $2,856 to nearly zero in minutes\\\"\/><figcaption> Data: <a href=\\\"https:\/\/coinmarketcap.com\/currencies\/squid-game\/\\\">CoinMarketCap<\/a>. <\/figcaption><\/figure>\n<p>The project&#8217;s Twitter account and website are down. As Gizmodo reports, all signs indicate that the creators carried out an exit scam and withdrew user funds from the protocol.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/0WHw_8W3gozsR4rJ6VdQelkpAQT6fsEqNcprECtw9qbKloZ_cbazoK40rSJaGcJRgepoojoja_XdrDAdRiX5bgxnZZoHbzU6OPE9nsCqAdEf0Cpen-CGhxW0FIVXHGlxKT8ykArX\\\" alt=\\\"Token inspired by 'Squid Game' plummeted from $2,856 to nearly zero in minutes\\\"\/><figcaption> Data: <a href=\\\"https:\/\/pancakeswap.finance\/info\/token\/0x87230146e138d3f296a9a77e497a2a83012e9bc5\\\">PancakeSwap<\/a>. <\/figcaption><\/figure>\n<p>According to the contract address, SQUID tokens have been purchased by more than 41,000 users.<\/p>\n<p>Earlier, as the asset&#8217;s price rose, users <a href=\"https:\/\/forklog.com\/en\/news\/squid-game-inspired-token-released-price-up-almost-300-in-24-hours\">reported<\/a> that they could not sell SQUID on PancakeSwap.<\/p>\n<p>Also suspicious was the lack of information about the team, the domain age (registered only on October 12, 2021), and the inability to comment on the project&#8217;s social media posts. <\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the SQUID token, launched inspired by the popular Netflix series \u201cSquid Game\u201d, plummeted within minutes from $2,856 to $0.005.<\/p>\n","protected":false},"author":1,"featured_media":52118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1155,596],"class_list":["post-52117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-games-and-gamefi","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52117"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52117\/revisions"}],"predecessor-version":[{"id":52119,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52117\/revisions\/52119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52118"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}