A statement from Powell instantly plunged the global financial market into gloom, with the virtual currency market being the hardest hit, experiencing a widespread decline. Meme coins were not spared either, as Dogecoin, Shiba Inu, Baby Doge, and Pepe, all endorsed by Musk, faced severe losses, and investor confidence plummeted.
However, just as the virtual currency market appeared bleak, the Squid Coin community has announced a new plan. With the second season of 'Squid Game' set to premiere on December 26, 2024, loyal members of the Squid Coin community are brewing a 'buy 4560 Squid Coins' support action, attempting to pay digital tribute to the series and stabilize the coin's price. Once the focus of the 'rug pull' incident in 2021, Squid Coin was mocked by the market as a 'joke,' but now, under community takeover, members are trying to bring this meme coin back to the center stage through concrete actions.
Musk has often led the meme coin craze with tweets, but under Powell's firm stance this time, does his silence indicate a cooling off of the meme coin frenzy? In light of the efforts from the Squid community, do you think Squid Coin has a chance to rise against the tide?
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