![]() What is a rug pull?Ī rug pull is a type of scam where a project's founders suddenly pull out, taking investors' money with them. The token and site had no connections to the smash-hit Netflix show that features a dystopian game in which contestants can pay off their debts - or literally die trying. There were six Squid-Game-themed games on its website, which is no longer working. SQUID was supposed to be the utility token for a play-to-earn game. It peaked at around $2,862 before falling to a fraction of a cent in a matter of minutes. 26 and gained over 23,000,000% in a week, according to data from CoinMarketCap. Squid Game (SQUID), the cryptocurrency token inspired by the Netflix hit, collapsed yesterday, leaving many investors with nothing.
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