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BTC
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1.88%
ETH
$3,350.06
1.61%
BNB
$693.72
4.47%
USDT
$0.998
0.01%
XRP
$2.11
4.18%
SOL
$190.65
2.07%
DOGE
$0.3146
2.91%
USDC
$1.00
0.01%
STETH
$3,349.51
1.38%
ADA
$0.8592
3.90%
TRX
$0.2582
0.00%
WBTC
$97,371.54
0.09%
AVAX
$35.87
5.26%
TON
$5.61
3.62%
LINK
$20.97
5.62%
SHIB
$0.00002152
3.19%
DOT
$6.87
3.37%
BCH
$440.46
2.21%
LEO
$9.02
2.53%
NEAR
$5.13
3.51%
BTC
$93,397
1.88%
ETH
$3,350.06
1.61%
BNB
$693.72
4.47%
USDT
$0.998
0.01%
XRP
$2.11
4.18%
SOL
$190.65
2.07%
DOGE
$0.3146
2.91%
USDC
$1.00
0.01%
STETH
$3,349.51
1.38%
ADA
$0.8592
3.90%
TRX
$0.2582
0.00%
WBTC
$97,371.54
0.09%
AVAX
$35.87
5.26%
TON
$5.61
3.62%
LINK
$20.97
5.62%
SHIB
$0.00002152
3.19%
DOT
$6.87
3.37%
BCH
$440.46
2.21%
LEO
$9.02
2.53%
NEAR
$5.13
3.51%
BTC
$93,397
1.88%
ETH
$3,350.06
1.61%
BNB
$693.72
4.47%
USDT
$0.998
0.01%
XRP
$2.11
4.18%
SOL
$190.65
2.07%
DOGE
$0.3146
2.91%
USDC
$1.00
0.01%
STETH
$3,349.51
1.38%
ADA
$0.8592
3.90%
TRX
$0.2582
0.00%
WBTC
$97,371.54
0.09%
AVAX
$35.87
5.26%
TON
$5.61
3.62%
LINK
$20.97
5.62%
SHIB
$0.00002152
3.19%
DOT
$6.87
3.37%
BCH
$440.46
2.21%
LEO
$9.02
2.53%
NEAR
$5.13
3.51%
USD

Ad
Ezra Reguerra
11 hours ago


SQUID GAME TOKEN SCAMS FLOOD THE CRYPTO MARKET

As Netflix released Squid Game Season 2 after Christmas, tokens of the same name
flooded the crypto markets.

2330 Total views
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Tokens based on the Squid Game series on Netflix have flooded the market as the
show released its second season. However, community members warned that these
tokens may be scams or rug pulls. 

On Dec. 26, Netflix released the second installment of the popular Korean
dystopian thriller series Squid Game. The show revolves around a private contest
where players in dire financial situations risk their lives to win a hefty
prize. 

As the series hit the streaming site, new crypto tokens with the same name
flooded the markets. However, while Squid Game contestants may have a chance to
win a huge amount of money in the show, those who put their money on Squid Game
crypto tokens might not have the same odds. 


PECKSHIELD WARNS AGAINST SCAM SQUID GAME TOKENS

On Dec. 27, blockchain security firm PeckShield alerted community members of
Squid Game tokens that they deemed fraudulent. According to PeckShield, scam
tokens based on the Netflix series are “circulating in the wild.”

Source: PeckShield

The blockchain security firm also flagged that one token deployed on Base had
its deployer as its largest holder. Since its launch, the token has already
dropped by 99%. Similar tokens based on the Netflix show have also popped up in
the Solana network. 

Squid Game tokens on the Solana blockchain. Source: Dexscreener

An X account with the same name as the Squid Game series had been promoting a
token based on the show. However, a community member warned users not to buy the
token. The X user pointed out that the top holders for the Squid Game token all
“look the same.” This means the tokens are distributed to a few people who may
potentially dump the tokens once other people buy in. 

Related: Memecoins lose momentum as $40B lost in December


SQUID GAME SEASON 1 SPURRED SIMILAR CRYPTO TOKENS

When Squid Game was released in 2021, tokens of the same name hit the crypto
market. One token skyrocketed in price, showing gains of over 45,000%. However,
community members suspected the token of being a scam when reports of users
being unable to sell their coins emerged. 

At the time, CoinMarketCap issued a warning, saying that users could not sell
their tokens at the decentralized exchange PancakeSwap. Because of this, some
said that the token was a “rug pull.” 

Magazine: Story Protocol helps creators survive AI onslaught with ‘programmable
IP’ crypto

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 * #Blockchain
 * #Netflix
 * #Base
 * #Scams
 * #Solana
 * #Rug Pulls


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