In the first few days of trade, the Squid Game cryptocurrency skyrocketed.

ByFaisal Chughtai | Published date:
in-the-first-few-days-of-trade-the-squid-game-cryptocurrency-skyrocketed

SQUID, Squid Game's very own cryptocurrency, has stunned the dramatic world of digital trading with an astonishing 2400 percent increase in less than 24 hours. SQUID was selling at a commanding $3.33 per coin at the time of publication, and the novelty token's market value had risen far past $174 million in less than a week, according to CoinMarketCap.

Despite the fact that Squid Game's play-to-earn cryptocurrency continues to create news in terms of growth and long-term turnover opportunities, anyone interested in purchasing the token should exercise care. CoinMarketCap has issued a caution, noting that it has received "several complaints" that customers are unable to sell this money on Pancakeswap, a popular digital exchange site.

in the first few days of trade the squid game cryptocurrency skyrocketed 2

It's unclear why some users can't sell their SQUID tokens, but the coin's white paper mentions anti-dumping technology that prohibits buyers from selling their tokens if certain conditions aren't satisfied. The money, which went on sale on October 20, follows a long list of other meme currencies that have achieved significant gains for no apparent reason other than excellent news.

The SQUID token debuted as the only currency of Squid Game's gamified enterprise, a crypto play-to-earn platform. The online event, which starts in November, is fashioned after the dystopian Netflix series' six rounds of games, but without killing.

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