‘Squid Game’ cryptocurrency inspired by Netflix show skyrockets

Including to the “Squid Sport” empire, a brand new SQUID token has entered the cryptocurrency market and is up over 60,000% in lower than per week.

Based on CoinMarketCap, SQUID was price $0.01 cent on Tuesday and rose to $6.27 Friday morning – a 62,600% improve. 

“Squid Sport” reputation unfold like wildfire because it aired on Netflix final month. The present options contestants enjoying lethal variations of youngsters video games to win an enormous money prize on the finish.

The SQUID token follows the identical guidelines because the present and gamers will undergo six on-line video games to win prize cash with out the lethal penalties. 

“There is no such thing as a longer dystopian world the place a mysterious group gathers people who find themselves in massive quantities of debt and ‘dwelling on the sting,’” the mission’s white paper mentioned. “Everybody right here in crypto world can take part within the Squid Sport with SQUID token or associated NFTs in our market.”

Nevertheless, as the worth continues to surge, so does the worth to enter into the video games. 

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Sport 1 had an entry price of $4.56 or 456 SQUID when the token first launched, however has has swelled to over $1,500 by Friday morning. The ultimate recreation entry price is over $50,000, in line with CoinMarketCap. 

Earlier than you go purchase any SQUID, CoinMarketCap issued a warning that customers are reporting they’re unable to promote the token in PancakeSwap – a preferred place the place folks change tokens. 

“This mission, whereas clearly impressed by the Netflix present of the identical title, is unlikely to be affiliated with the official IP,” they mentioned.

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Observe reporter Asha Gilbert @Coastalasha. E mail: agilbert@usatoday.com.