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SQUID token mayhem has lessons for crypto investors
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economictimes.indiatimes.comSquid Game — a cryptocurrency named after the survival drama on Netflix — surged as much as 2,30,000 per cent in a week but its entire value now stood at a mere $0.003227. The SQUID token turned an investment of Rs 1,000 into Rs 23 lakh within a week.
But it could not fetch even a penny about 24 hours after reaching the peak. “New investors should really be careful before investing in new projects or investing in projects where price swings are dangerously high,” said Sharan Nair, Chief Business Officer, CoinSwitch Kuber.
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