On the first day of the Squid opening, the price rose from 0.00007 to 2800u
The project airdropped about 40,000 Squid coins to many addresses, and then blacklisted all these airdrop addresses, so these airdrop addresses are dead addresses (many of the top 1,000 Squid addresses with about 40,000 coins have not been moved for more than 3 years, which are the first batch of Squid people)
At the beginning, Squidcoin could only be bought but not sold. It was only raised to 2800u to attract people to completely cut the leeks.
At midnight that day, a live broadcast on YouTube led many people to buy Squidcoins, which instantly dropped to zero, causing a sensation
After cz knew about this that night, when the project owner ran away, he got up in the middle of the night and forcibly logged into Squid Coin to operate and blacklisted all the addresses of the project owner. Then he abandoned the Squid Coin contract permissions.
After relinquishing contract permissions, CZ personally contributed his own funds to add liquidity for Squid Game Coin (0.00007-0.01 instant hundredfold)
Holding the currency at 8 is within a few minutes after CZ announced blacklisting the project party's address, liquidity was added, and then Squid Game Coin reached 0.8. This address did not sell a single Squid Game Coin (16 million Squid Game Coins, then valued at 100 million RMB) $BNB
