Today news
About the same in other media
Squid Game Is Memecoin Warning With Wipeout After 230,000% Gain
Reading now: 151
ndtv.comSquid Game, or SQUID, the latest memecoin sensation, surged more than 230,000% in the past week.
New Delhi: Investors drawn to cryptocurrencies can be forgiven for having an expectation of high returns, especially lately. After all, even as the S&P 500 Index more than doubled in the past five years, Bitcoin rocketed more than 80-fold -- albeit with much of the rally occurring in the past year. “Memecoins” such as Dogecoin and Shiba Inu have also surged, often for no particular reason.
Big gains aren't a given, though, especially in a market as untamed, sprawling and speculative as crypto. And the inflation in value is often ephemeral. For evidence, there's Squid Game, or SQUID, the latest memecoin sensation, inspired by the Netflix hit. It
Read more on ndtv.comAbout this in other media
Squid Game: crypto researcher reveals the red flags investors missed ambcrypto.com /3 years ago
Solana Ventures, Lightspeed Venture Partners and FTX launch $100M gaming fund cointelegraph.com /3 years ago
After Squid Game rug-off, report reveals Google Ads phishing, other scam warnings ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
