A highly successful Korean series Squid Game (Squid Game) crushes viewership charts on Netflix, but unfortunately it is also the subject of various scams. One of them concerned the cryptocurrency Squid Game, which aroused considerable suspicion from the very beginning. The pages of the project were full of grammatical errors, no information about the creators, it was not clear what the goals of the cryptocurrency were and what it should serve, the only thing that could be was the purchase. The main place to buy was PancakeSwap. It was worse with sales, which many would certainly welcome due to the extreme price increase.
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On October 26, the price started at $ 0.013 per SQUID, but jumped several times over time. Yesterday at 3 in the morning from about 15 to 32 USD, today at 7 in the morning from 38 USD to about 90 USD. But the warnings probably didn’t happen to everyone, some may have deliberately ignored them, and at about 8:40 of our time, when the cryptocurrency exceeded $ 100, the race literally started. In less than two hours, profitable speculators drove the price to 2856 USD.
But the project pages disappeared, as did the project accounts on social networks. The price of the cryptocurrency dropped to less than $ 0.0008 in five minutes. So to 1/3600000 of the value she had a while before. Now the stated value is around 0.0033 USD (and it has been growing for the last hour, only during the writing of this news the value increased from 0.0025 to 0.0033 USD, ie by about 30%) and is therefore at about a millionth of today’s maximum.
It is not clear how much money people actually lost. The current value of the cryptocurrency market is reportedly $ 2.5 million, with trading volume over the last 24 hours at about $ 15 million.
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