There are now many fake squid coins that want to trick retail investors' money again, especially on the Solana chain where there are more than a dozen fake coins that mostly only survive for a few days. Please recognize the real community-governed squid coin that has made a comeback since 2021.

According to Cointelegraph, after Netflix released the second season of (Squidward Gaming), a large number of tokens based on the show emerged in the market. Community members warned that these tokens may be scams or "rug pulls."

On December 27, blockchain security company PeckShield warned community members about these Squid Game tokens, which are believed to be fraudulent. PeckShield pointed out that these tokens are circulating in the market.

PeckShield also found a token deployed on Base whose deployer is the largest holder, which has fallen 99% since its launch. Similar tokens have also appeared on the Solana network.