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SquidCoinis a token that the popular movie, Squid Game, is the internet’s talk inspired. The crypto community jumped into the token, thinking Netflix was behind the coin. The coin made massive gains on Friday, but the investors flipped the off-switch on Monday and made away with investors’ cash. Therefore, Ver más Leading crypto exchange Binance has announced that it would be looking into the circumstances surrounding the alleged rug pull of SQUID, the Squid Game-themed cryptocurrency that left El mayor exchange de criptomonedas del mundo, Binance, ha iniciado una investigación sobre el token de Squid Game (SQUID) para rastrear los fondos asociados al Squid’s developers have most likely taken off with an estimated $3.38m, leaving its 40,000 investors with nothing in their hands. Binance has currently opened an According to the crypto exchange Binance, details surrounding the token and the team behind it are now under investigation, with the exchange telling Barron's it has frozen Now, the trading value of this Squid token has soared by 600 percent in the last 24 hours, data by CoinMarketCap revealed on Thursday. Currently, the token is trading at Earlier this week, the anonymous developers behind a DeFi project named Squid Game token abruptly performed a “rug pull”, a common scam where the team behind a

Squid Coin Soars 638% Despite Binance Investigation: Is it a Pump and Dump?

SquidCoin, a token inspired by the popular Netflix movie, Squid Game, is making headlines again. Despite a rug pull scandal in 2021 that left thousands of investors burned, the Squid token has surged by a staggering 638% in the last 24 hours, according to CoinMarketCap data. This unexpected rally is occurring even as Binance, the world\'s largest crypto exchange, continues its investigation into the original alleged rug pull.

What Happened to Squid Coin in 2021?

SquidCoin (SQUID) initially captured the crypto community\'s attention, with many believing Netflix was somehow involved. The token saw massive gains, but the anonymous developers abruptly executed a "rug pull," a common scam where the development team disappears with investors\' funds. The developers behind the Squid Game token likely made off with an estimated $3.38 million, leaving approximately 40,000 investors with virtually nothing.

Leading crypto exchange Binance immediately launched an investigation into the circumstances surrounding the SQUID rug pull. Binance has frozen associated accounts and is actively working to track down the funds connected to the Squid Game token\'s developers. According to Binance, details surrounding the token and the team behind it are under investigation.

Why is Squid Coin Up Now?

The current surge in Squid Coin\'s value raises serious questions. Is this a genuine resurgence, or is it another orchestrated pump and dump scheme? Given the history of the token and the ongoing Binance investigation, investors should exercise extreme caution.

SquidCoinis a token that the popular movie, Squid Game, is the internet’s talk inspired. The crypto community jumped into the token, thinking Netflix was behind the coin. The coin made massive gains on Friday, but the investors flipped the off-switch on Monday and made away with investors’ cash. Therefore, Now, the trading value of this Squid token has soared by 600 percent in the last 24 hours.

Investing in Squid Coin: Proceed with Extreme Caution

While the recent price increase may be tempting, the risks associated with Squid Coin are exceptionally high. The anonymous nature of the developers, the history of the rug pull, and the ongoing Binance investigation all point to a highly volatile and potentially fraudulent investment. Investors should thoroughly research and understand the risks before considering any investment in Squid Coin.

Disclaimer: This is not financial advice. Investing in cryptocurrencies is inherently risky. Always do your own research and consult with a financial advisor before making any investment decisions.

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