PANews reported on December 30, according to foreign media, that with 'Squid Game 2' launching on Netflix on December 26, a series of cryptocurrencies with the same name quickly flooded the market. CoinTelegraph and blockchain security company PeckShield warned that these tokens may involve scams or 'rug pulls'. PeckShield pointed out that one token issued on the Base network is heavily concentrated in the hands of its distributor and plummeted by 99% after listing. Similar tokens have also appeared on the Solana network and may be manipulated by a small number of holders.
Previously in 2021, when 'Squid Game' first premiered, a similar token scam also appeared, where the price of a certain token skyrocketed by over 45,000%, but was ultimately confirmed to be a scam due to the inability to trade. Investors need to remain highly vigilant regarding cryptocurrency assets related to popular media works to avoid unnecessary losses.