SQUID Token Rising Again Despite Earlier Collapse, Binance Investigation
The price of squid game (SQUID), a token widely suspected of being a rug pull or a form of exit scam, is once again on the rise, with triple-digit percentage returns seen in the past 24 hours.
Based on an alleged play-to-earn game with the same name as a popular series on Netflix, the SQUID token crashed to near zero on Monday this week after what has been described as one of the most spectacular pump-and-dumps in crypto history.
The token and the related game raised multiple red flags which were obvious for anyone who cared to do the research, with its website showing many of the classic hallmarks of a scam, including fake partnerships and made-up team members.
As of Thursday, the project’s website and Medium account remain unavailable, while
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