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.


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.

Published by
Mark Arguinbaev

Recent Posts

A trader who called the 2010 crypto crash revealed BTC’s next price target and eyeing Tradecurve for massive growth potential

Bitcoin is heading in a downward direction, as its value can decrease by the end…

10 hours ago

Investors pour into TMS Network (TMSN) Even as booming GameFi industry grows Decentraland (MANA) and Shiba Inu (SHIB)

2023 is poised to be the year of GameFi's remarkable rise, bringing exciting opportunities for…

18 hours ago

TMS Network (TMSN) Crypto Shatters Records, Defeating Avalanche (AVAX) and Aave (AAVE)

In the world of cryptocurrencies, a new player has emerged, shaking the foundations of the…

18 hours ago

Web 3.0 HedgeUp (HDUP) Goes Viral Due to Outshine and LBank

In the era of Web 3.0, the cyberspace landscape has been transformed by blockchain and…

19 hours ago

Hotbit shuts down; traders are looking at Tradecurve

Exchanges for cryptocurrencies have grown to be essential parts of the ecosystem since they give…

1 day ago

Crypto Price Today: HedgeUp Presale Trades at $0.020 After Raising $1.8M, Will Solana Reach $300?

The financial news of late has been ripe with stories on crypto, with many investors…

2 days ago