After a abrupt surge towards the extremity of past week and aboriginal Monday greeting that saw its terms get supra $2,800 contempt aggregate scam warnings, Squid Game Token (SQUID) has yet taken a bow.
Twitter was liable for nailing the past nail to the coffin by flagging the coin’s Twitter relationship which sent the token’s terms plummeting beneath $0.01.
Twitter flagged the “official” Squid Game token accounts connected the societal media level arsenic suspicious.
It lone took minutes for SQUID to driblet 99.99%
It is reported that Twitter archetypal flagged and restricted the archetypal Squid Game token, which has implicit 70K subscribers, aft which the coins developers tried to tally different accounts that were besides closed by Twitter.
It lone took a substance of minutes for SQUID’s terms to clang from astir $2,861 to beneath $1.
Multiple scam warnings earlier the crash
From the precise onset of the Squid Game Token, the cryptocurrency assemblage had been precise suspicious with astir seeing it arsenic a scam. To commencement with the cryptocurrency has fake founders.
On Friday, erstwhile the coin was connected occurrence arsenic it skyrocketed to a caller high, CoinGecko co-founder said that it was “most apt a scam,” and noted that CoinGecko did not database it since it did not conscionable the listing criteria. At the clip SQUID was trading astatine astir $5.
Amazingly, contempt the aggregate scam signals, the coin continued to emergence astronomically to deed $90 arsenic of the commencement of Monday earlier skyrocketing to commercialized supra $2,800 successful a substance of minutes aboriginal Monday morning.
There were reports that SQUID token was utilizing “anti-dumping technology” that prevented holders from selling the token and this did not deed astir arsenic being a scam.
A batch of my normie friends bought this $SQUID crippled token and couldn't merchantability one ("anti-dump feature")
Now look what happened pic.twitter.com/wq5egYBKFa
— Friend of Peach (@WaymanCap) November 1, 2021
English (US) ·