ChainCatcher news reports that with the release of (Squid Game 2) on Netflix on December 26, a series of cryptocurrencies with the same name have rapidly flooded the market.
CoinTelegraph and blockchain security company PeckShield warn that these tokens may involve scams or 'rug pulls.' PeckShield pointed out that one token issued on the Base network is concentratedly held by its distributor and plummeted 99% after listing. Similar tokens have also appeared on the Solana network and may be manipulated by a few holders.
Previously, when (Squid Game) premiered in 2021, there was a similar token scam, during which a certain token's price surged over 45,000%, but was ultimately confirmed to be a scam due to its inability to be traded. Investors need to remain highly vigilant about cryptocurrency assets related to popular films and TV shows to avoid unnecessary losses.