The second season of the cult Netflix series Squid Game has exploded not only on screens but also in the crypto market. Along with the release of the new installment of the Korean thriller, where desperate participants fight for a huge cash prize, tokens named after the show have emerged. But instead of promises of wealth, they may only bring disappointment.
🔴 CRYPTO ALARM: SCAMS ON THE RISE?
The blockchain security company PeckShield is sounding the alarm: according to their data, many Squid Game tokens are nothing but traps for investors. One such token on the Base network lost 99% of its value almost immediately after launch!
❗ CLONE TOKENS: DANGER NEARBY
Social media users have already suspected something is wrong. Analysts noted a suspicious concentration of tokens in the hands of a few holders who could quickly 'crash' the market.
💥 DEJA VU 2021: LESSONS UNLEARNED?
This is not the first time that Squid Game has been a cover for crypto scams. In 2021, a token with the same name soared by 45,000% and then caused a crash. Investors could not sell their coins, leading to a loud scandal and the nickname rug pull.
🎯 CONCLUSION: If you think you can make money from Squid Game tokens, think twice. In a world where only the strongest survive, there is no place for gullible investors.
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