🎭💀 The Squid Game Token Scam (2021)
In late 2021, as the Netflix series Squid Game went viral worldwide, a group of anonymous developers launched the “Squid Game Token (SQUID)”. The hype was insane — but what followed became one of the most infamous rug pulls in crypto history.
👉 The Hype:
* SQUID was marketed as a “play-to-earn” game token, inspired by the popular show.
* Within days, mainstream media outlets like **BBC & CNBC covered it, fueling even more FOMO.
* The price skyrocketed from $0.01 to over $2,800 in less than a week. 🚀
👉 The Trap:
* Holders soon realized they couldn’t sell their tokens — the smart contract had restrictions, a classic scam setup.
* Then, in one brutal move, the developers executed a rug pull, draining liquidity and running off with over $3 million.
👉 Aftermath:
* The token’s price collapsed to near zero within minutes.
* Thousands of retail investors lost everything.
* It became a global warning sign about blindly chasing hype-driven coins.
💡 Lesson: Just because something trends doesn’t mean it’s legit. Always DYOR (Do Your Own Research) and beware of coins that look too good to be true.
👉 Question: Would you rather take the risk on meme/hype tokens for quick gains, or only stick with top projects like BTC & ETH? 🤔
#SquidGame #CryptoHistory #BinanceSquare #BinanceAlphaAlert #AltcoinMarketRecovery