Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Users unable to liquidate Squid Game token amid 45,000% gain

CryptocurrencyOct 29, 2021 06:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Users unable to liquidate Squid Game token amid 45,000% gain

SQUID, a new coin inspired by the blockbuster Netflix (NASDAQ:NFLX) series, Squid Game, has recorded a 45,000% gain just a few days after its launch earlier this week, but its investors have been unable to sell off their assets.

In response to the development, major crypto tracking website CoinMarketCap (CMC) has left a warning to SQUID token investors on its website.

We have received multiple reports that the users are not able to sell this token in PancakeSwap. Please exercise caution while trading.

According to CMC, PancakeSwap is the only platform that SQUID has been listed. The token currently trades at ​​$5.71 and is among the top gainers on CoinMarketCap, with a daily trading volume of $7 million.

Amid the burgeoning status of SQUID plus reports emanating about users’ inability to sell the token, the crypto community is beginning to have suspicions that the token is a scam.

A Twitter (NYSE:TWTR) user (Crypto Tyrion) noticed that the founders of SQUID mentioned on its website are not registered on major professional network LinkedIn. He further opined that it is a “100% rug pull,” based on the fact that the Squid Game token blocked Twitter comments while being inactive on Telegram and Discord channels.

Other observers also highlighted apparent issues in the Squid Game token’s whitepaper, such as poor grammar, spelling errors, and claims that are somewhat “impossible to verify.”

Popular scam check source,, rated the token as bogus with a trust score of 45 out of 100.

Meanwhile, CMC issued a statement suggesting that SQUID’s bullish rally may imply that playing the Squid Game as described in the project’s whitepaper may be unaffordable for most participants due to the holding requirements of the token.

CoinGecko who is the major rival of CMC has been quiet on the SQUID subject so far, and according to its co-founder Bobby Ong, "this token did not meet our listing criteria hence it will not be listed on CoinGecko. It's most likely a scam."

He also stressed that CoinGecko is not an official partner of the token contrary to information on the token’s website.

This is most certainly not true and we are not a partner nor are we affiliated with Squid Game.

The tokens whitepaper read that the “liquidity of SQUID will be locked for three years on DxSale which prevents any unseen and immediate changes to SQUID liquidity pool. Unlock date is Oct 20th, 2024,” and some media outlets like CNBC have reported that the Squid Game whitepaper talked of an “anti-dumping technology” which restricts people from selling their coins.

Continue reading on BTC Peers

Users unable to liquidate Squid Game token amid 45,000% gain

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Saman Pradeep
Saman Pradeep Oct 30, 2021 2:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email