Crypto Squid Collapses after Jumping More Than 310,000% in Value
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blockchain.newsThe emerging cryptocurrency token Squid game (SQUID) crashed on Monday after jumping more than 310,000% in value on Sunday night. The slump recorded 99.99%, according to the <dfn data-info=«CoinMarketCap is the world» s most-referenced price-tracking website for="" cryptoassets in the rapidly growing cryptocurrency space. its>CoinMarketCap.
The token was made available for purchase on Oct 20, inspired by the popular Netflix series Squid Game, which collapsed less than two weeks after investors could start trading tokens.
SQUID lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.
Surprisingly, the token’s website and social accounts have disappeared, along with a
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