It started with a TV show.
October 2021. Netflix dropped Squid Game and the whole world went crazy. Everyone was talking about it. Every meme. Every headline. Every conversation.
Someone saw an opportunity.
A token appeared called SQUID. It had nothing to do with Netflix. No partnership. No license. Just a name and a website that looked clean enough to fool people who were moving fast.
And people were moving fast.
The token launched and started climbing. Then it kept climbing. Social media picked it up. News outlets picked it up. CNBC wrote about it. The price went from a few cents to over $2,000 in less than a week. A 75,000% gain.
But there was one problem nobody noticed in time.
You could buy SQUID. You could not sell it. The contract had a built in restriction. Every person who tried to dump their profits hit a wall. The token kept pumping because only buying was possible.
Then on November 1st 2021 it happened in real time.
The chart went vertical then dropped to zero in seconds. The developers pulled all the liquidity and disappeared with $3.4 million. People watched their wallets go from thousands to nothing while staring at their screens unable to do anything.
Afterwards everyone asked the same question. Why did nobody read the contract before buying?
The answer is simple. Greed moves faster than logic. A 75,000% gain makes people skip steps.
The developers were never found.
Have you ever almost bought a token like this? Tell me below 👇
