Categories: CryptoNews

Squid Game Price ($SQUID) Pumping Once Again, Up Over 400%!

Remember when Squid Game Token executed a “rug pull” and crashed the price to $0? Well the drama is not over yet, investors are buying back in again – just like in the show!

Squid Game Price Back Up

Just like in Netflix’s Squid Game when participants returned back for a second time, knowing all the risks involved but wanted a chance at the prize anyway; Investors are buying up $SQUID on PancakeSwap

once again, surging its price over 400% in the past 24 hours.

According to CoinMarketCap, where the statistics for $SQUID are still up, Squid Game Price is currently at $0.01942 with a market cap of over $12 million.

Why Is Squid Game Price Rising?

Jokes aside, what could be the reason for $SQUID’s recent price surge? While we can only speculate, as suggested by u/xxapplej4ckx on reddit:

“It could be the devs buying back in hoping people fomo into so they can dump it again.”

It wouldn’t be the first time that devs tried to maximize on their profits by luring unsuspecting investors to buy in a second time.

$SQUID TOKENOMICS

Related Post

Taking a closer look at the Squid Game contract address on bscscan, we can see that the actual amount of trades done in the past 24 hours is roughly 125.

In my opinion, 125 trades in 24 hours isn’t very significant in terms of liquidity. As such, potential investors should keep in mind that when it comes time to sell your $SQUID you might have an issue.

Moreover, $SQUID currently has under 1000 total holders which further shows that the funds aren’t thoroughly distributed.

Last but not least, the official Squid Game Token website is still down with no message, signaling that most likely the developers are not coming back.

Follow us on twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Originally Posted on The VR Soldier

Mark Arguinbaev

I'm a 29 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Share
Published by
Mark Arguinbaev

Recent Posts

OKX Wallet Sees Whales Massive Moves; More on Plus Wallet & Coinbase  

Plus Wallet Impresses with its Speedy 15-Min Token Listings While Coinbase Unveils AI Tool &…

2 hours ago

100% Bonus with BlockDAG! Ethereum Eyes Breakout, Sui Plans To Expand

BlockDAG Rolls Out Limited Time 100% Bonus For Community While Ethereum Price Looks Bullish &…

3 hours ago

Best Crypto Wallets 2024: Top Choices for Security & Rewards

The 5 Best Crypto Wallets Worth Using in 2024 — Find Out Why Selecting a…

4 hours ago

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

11 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

21 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

21 hours ago