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What Investors Should Learn After Squid Coin's Sudden Rise And Astonishing fall
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ndtv.comSquid gained over 230,000 percent in the past week
A cryptocurrency inspired by the South Korean survival drama series Squid Game gained incredibly earlier this week, capitalising on the popularity of the dystopian Netflix show. But the crypto coin, called The cryptocurrency, called Squid, spectacularly lost all the gains in a matter of minutes to hit a near-zero value. The extreme volatility of the coin holds lessons for investors, who are eyeing the lucrative but risky cryptocurrency market for growing their wealth superfast. The fall of Squid washed out millions of dollars from the speculative crypto market.
Squid gained over 230,000 percent in the past week. Early Monday, after a brief rally, it was trading at $38 (Rs. 2,831). The same
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