1️⃣ The Token That Was Never Meant to Last
In October 2021, a new cryptocurrency called Squid Game Token (SQUID) launched, inspired by the hit Netflix series. Investors rushed in, hoping to ride the hype.
✔️ SQUID’s price skyrocketed, reaching $2,861 per token in just a few days.
✔️ Thousands of investors poured money into it, believing it was a legitimate project.
✔️ Then, in an instant, the token crashed to nearly zero—wiping out millions in investments.
2️⃣ The Warning Signs No One Saw
🚨 No official connection to Netflix—SQUID was never endorsed by the creators of Squid Game.
🚨 No way to sell the token—Investors could buy SQUID, but the contract blocked them from selling.
🚨 Anonymous developers disappeared—The creators vanished, taking all the money with them.
3️⃣ The Aftermath: A Classic Rug Pull
✔️ Investors lost millions, with no way to recover their funds.
✔️ Crypto experts warned about scam tokens, urging people to research before investing.
✔️ Regulators cracked down on fraudulent projects, increasing scrutiny on meme coins.
4️⃣ Lessons Learned
✔️ Always verify a project’s legitimacy—SQUID had no real backing.
✔️ If you can’t sell, it’s a scam—SQUID’s contract prevented investors from exiting.
✔️ Hype doesn’t equal value—Just because a token is trending doesn’t mean it’s safe.
#SquidGameScam #CryptoFraud #RugPull #Write2Earn
This is just the beginning—Season Two will uncover the real stories that shaped crypto history. 🚀🔥
