Squid Game, not just Netflix show

If you’re a fan wanting to express your devotion to the hit Korean Netflix show Squid Game - well, there’s a cryptocurrency for that.

The Netflix hit “Squid Game” has extended its reach into the cryptocurrency sphere with the squid token - and it’s already up over 75,000% this week, according to CoinMarketCap.

“Squid Game” is a South Korean dystopian series about people competing for prize money in brutal survival games. The hit series is a runaway success and has become a global cultural phenomenon.

Squid was trading around $0.012 on Tuesday, but it was at $9.19 on Friday - a surge of more than 75,000%. Its fully diluted market cap is now about $722 million.

Presales of squid started on October 20 and, according to its white paper, “sold out in 1 second.”

It’s a “play-to-earn” cryptocurrency. Squid holders can play online games inspired by games in the show. Entry fees are charged in squid - 10% of which go to the developers, and the rest is invested back into the reward pool.

“The more people join, the larger reward pool will be,” the white paper said. “More importantly, we do not provide deadly consequences apparently! Your experience will only reflect on the joy of winning rewards and sorrow of losing money when the game failed.”

Squid joins meme coins such as shiba inu in posting massive price rallies seemingly spurred by no particular reason.

Happy Halloween!

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Does it have pre registration now or it ended already?

Thought you guys would want to see an update on that SQUID token. Long story short, it did not fair so well. :skull_and_crossbones: Another note to make sure that anyone who wants to get into the crypto game should do their research thoroughly… :open_book: :writing_hand:

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Thanks for the link to the article @Ali_Wirex. Always be careful and invest only in viable projects…

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Rug Pull :frowning:

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the reason i said TV show only, i knew it will crash

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Thanks for the post guys. Yes, indeed, the hype sold itself.