Netflix’s insanely popular series Squid Game has been the talk of the town recently. The show that revolves around participants taking part in games to win huge sum of money resonated very well with the Netflix audience. And guess what? A new cryptocurrency also came up inspired by the Squid Game Netflix series – $SQUID crypto.
The $SQUID coin has given massive returns, all thanks to the success of the series. The total returns to date of the coin is more than 86,000% and in the last 24 hours alone, the crypto has jumped up in value by over 450%.
Market Capitalization Of SQUID Token
According to CoinMarketCap data, the Squid token has a market capitalization of close to $5 Billion. Last Tuesday, the Squid coin was trading at $0.01235 and at the time of writing this article, it is exchanging hands at $11.16 a coin.
The rapid rise of Squid cryptocurrency has put to shame the Shiba Inu coin that rose more than 650% in October. Shiba Inu has also been the talk of the town as it has hit all-time-highs contantly this month and is on path to overtake Dogecoin as the 10th most value cryptocurrency in the world.
The Problem
Squid Game series has been the primary reason for the success of SQUID token and if you plan on buying the cryptocurrency, be aware that CoinMarketCap has issued a disclaimer that many buyers were not able to sell their token when in profit.
“We have received multiple reports that users are not able to sell this token in PancakeSwap,” the site wrote. “Please do your own due diligence and exercise caution while trading! This project, while clearly inspired by the Netflix show of the same name, is unlikely to be affiliated with the official IP.”
Do you own the SQUID token? What are your thoughts about the whole story? Tell us in the comments.
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