PANews reported on December 30 that as (Squid Game 2) was released on Netflix on December 26, a series of similarly named cryptocurrency tokens quickly flooded the market. CoinTelegraph and blockchain security company PeckShield warned that these tokens may be associated with scams or 'rug pulls.' PeckShield pointed out that one token issued on the Base network was concentrated in the hands of its distributor, and after listing, its price plummeted by 99%. Similar tokens have also appeared on the Solana network and may be manipulated by a few holders.
Earlier in 2021, when (Squid Game) premiered, there was a similar token scam, where a certain token's price skyrocketed over 45,000%, but it was ultimately confirmed to be a scam due to trading restrictions. Investors need to remain highly vigilant regarding cryptocurrency assets related to popular film and television works to avoid unnecessary losses.