Squid Game 2 sparks crypto coin frenzy: Pump or dump?
Ahead of the long-awaited season 2 release of the popular South Korean Netflix (NASDAQ: NFLX) show Squid Game, it has sparked a sort of a frenzy in the cryptocurrency market, which has witnessed the appearance of new assets and reawakening of the old assets inspired by the show. Specifically, one of these tokens is the one that was allegedly the vehicle of a rug pull back in 2021, although subsequently, its revived CoinMarketCap page stated the project had migrated to a new contract address, “now ostensibly run by the community after the initial rugging allegations.” Origins of a rug pull As a reminder, investors in the ‘original’ Squid Game (SQUID) token, which by October 2021 had soared over 40,000% since its launch, faced problems trying to sell their SQUID, and its value crashed to zero by November 1, 2021, leading to significant financial losses and rug pull claims. Picks for you ...