On this pretext, the crypto began pre-sale on October 20. Squid Game, a Korean language death game drama, has become the most watched show on Netflix. The current ranking of the SQUID token stood at 2,828 at the time of writing this article. The market capitalisation of the novelty token ‘SQUID’ stood at more than $174 million in the morning, CNBC reported. It is currently priced at $4.32, data from CoinMarketCap showed at the time of writing this article. The Squid Game or Squid token surged by 2,400 per cent over the last 24 hours. This token saw a twenty-fold jump over the course of the past day, according to media reports. So if you want to show your devotion for Squid Game, directed by Hwang Dong-hyuk, you can invest in the Squid cryptocurrency. Now, the show has its own brand of cryptocurrency, with an increasing price run-up. There is another reason to love the show all the way more. The nine episode show blew up on the Over The Top (OTT) platform ever since its debut and memes, merchandises related to it soon followed.
Prospective SQUID investors should hence embrace the possibility of entirely losing their capital.īuy the Ledger Nano S Cryptocurrency Hardware Wallet for Bitcoin, Ethereum, Ripple, Altcoins and ERC Tokens on Amazonĭisclaimer: This article is for informational purposes only and does not include any kind of investment advice.Netflix’s Korean language series ‘Squid Game’ has off late taken the internet by storm. Therefore it should be pointed out once again that the unofficial SQUID cryptocurrency is in no way affiliated with Netflix or the creators of the hit series. Meanwhile, other tech websites like Gizmodo describe SQUID as a clear scam and a fraud.
Numerous users complain that although they were able to buy SQUID, they are now unable to sell their new crypto on one of the well-known crypto exchanges. However, all this hype revolving around the new Squid Game cryptocurrency should be tempered with a clear warning. Like in the Netflix series, players can pay to participate in a six-round competition, but they only lose SQUID and not their lives in the worst case. This new digital currency is intended to be used for the fan game called Squid Game Project, which is scheduled to launch in November. When the unofficial Squid Game cryptocurrency went on sale on October 20, all tokens were reportedly sold out within just a single second. At an insane 89,000%, the weekly price increase of SQUID was even higher.
This means that the price of the Squid Game cryptocurrency has increased by a whopping 395% over the last 24 hours, and it now has a market cap valued at a respectable US$865 million. At the time of writing this article, one SQUID is worth around US$10.9 according to CoinMarketCap. As reported by CNBC and Fortune, the Squid Game cryptocurrency has recently surged massively. Even fans of the brutal show, in which adults compete in child games in order to pay off their debt, can now invest in a new cryptocurrency called SQUID. The Korean Netflix hit series Squid Game apparently does not only earn the largest streaming service in the world lots of money.