The Squid Game token swung into the crypto sphere like a wrecking ball and took thousands of investors on a dizzying ride before vanishing and leaving the entire industry stunned.
To make sense of what happened, crypto researcher Max Maher showed investors all the red flags they had missed.
In the age of Shiba Inu’s meteoric rise and the success of play-to-earn games like Axie Infinity, the Netflix-show inspired Squid Game token [SQUID] initially looked like just another quirky contender. Ultimately, many investors lived through their worst nightmares after a rug pull left them to deal with staggering losses.
Maher summed up the damage and claimed,
“…it’s more than clear at this point that they [developers] just abandoned ship with millions of
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