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Earlier than the rug pull, the cryptoโs market cap was a bit greater than $2 million, in line with CoinMarketCap.
SQUID was billed as a token that can be utilized for a brand new on-line sport impressed by the favored Korean language sequence, which is predicated on a lethal match of youngstersโs video games. GIzmodo identified quite a few indicators it was a rip-off, together with its (now disappeared) web site being stuffed with spelling errors. One other purple flag: Traders may purchase โ however not promote โ SQUID.
CoinMarketCap additionally warned potential traders that SQUID was most likely a rip-off, displaying a warning to โtrain excessive warningโ in the event that they purchased the crypto.
CNN Enterprise reached out to builders of the SQUID mission by contact info listed on its web site, and didnโt instantly obtain a response.
โ CNN Enterpriseโ Michelle Toh contributed to this report.
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