Someone Is Using Netflix's Squid Game to Pump Token With Multiple Red Flags
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cryptonews.comA token promoted as a play-to-earn token by the name squid game (SQUID) is getting the attention of the cryptoverse and mainstream media, after seeing a continuous, and rather unnatural, rise in price since its launch earlier this week. However, a quick look at the token’s website brings multiple red flags, while at least one company from their partner's list denied the partnership.
After going live on Binance Chain’s PancakeSwap decentralized exchange (DEX) at a price of USD 0.01 on October 26, SQUID was at the time of writing (14:24 UTC) trading at USD 7.55, up more than 45,000% since its inception.
Over the past 24 hours, the price was up 222%, with the number continuously moving higher. The 24-hour trading volume surpassed USD 9m, per
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