History of Squid: On the first day of trading, Squid surged from 0.00007 to 2800 USD.
CCTV News reports: The cryptocurrency named “Squid Token,” after the popular web drama “Squid Game,” recently experienced a crash, with the price skyrocketing from 1 cent at launch to a peak of 2861.8 USD, then plummeting to less than 0.1 cent within 5 minutes. Millions of dollars in market value evaporated instantly. Analysts believe this is a typical “rug pull” scam. In 2021, CCTV reported that Squid Game was the most popular web drama globally and also the most prominent cryptocurrency.
Currently, many addresses from the project team airdropped around 40,000 Squid Tokens and subsequently blacklisted all these airdropped addresses, rendering them dead addresses (many of the top 1000 addresses with around 40,000 Squid Tokens have not moved for over 3 years, meaning they were among the first batch of Squid holders).
Initially, Squid Tokens could only be bought, not sold, which drove the price up to 2800 USD, attracting people to completely exploit them.
That night, a YouTube live stream led many people to buy Squid Tokens, which instantly went to zero, causing a sensation.
After CZ learned about this incident that night, when the project team fled, he woke up in the middle of the night to forcibly log into Squid Token and blacklisted all addresses of the project team, subsequently abandoning the contract rights for Squid Token.
After discarding the contract rights, CZ personally funded and added liquidity to Squid Token with his own wallet (from 0.00007 to 0.01, instantly multiplied by a hundred).
The 8th holder of the tokens did not sell a single Squid Token within minutes after CZ announced the blacklisting of the project team's addresses, and then Squid Token reached 0.8. This address held 16 million Squid Tokens, valued at 100 million RMB at the time.
Now, on December 26, Squid Game 2 is set to air, along with a Squid variety show, and Netflix Korea will release a Squid mobile game, with Squid Game 3 set to air in early next year.
Squid has been washed for three years without going to zero; now the community CTO has no project team, and CZ has blacklisted the project team’s addresses, effectively destroying 400 million tokens. Currently, the total circulating supply of Squid is less than 400 million, and CCTV has also reported on it. All cryptocurrencies reported by CCTV have increased by millions of times. With the imminent airing of Squid Game 2, how could one possibly miss it?
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