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The Squid Game Token surged over 230,000% before collapsing. The smart contract prevented investors from selling, causing massive losses.
- Text
- The Squid Game Token surged over 230,000% before collapsing. The smart contract prevented investors from selling, causing massive losses.
- Symbol
- SQUID
- EventYear
- 2021
- Explaination
- When tokens surge wildly and suddenly prevent selling, it’s often a sign of a smart contract lock trap — a textbook rug pull signal.
- IsVerified
- Source
- BBC News covered the collapse and CoinMarketCap flagged it as a scam project
- Url
- https://www.wired.com/story/squid-game-coin-crypto-scam/
- Enabled
- Created (UTC)
- 10/7/2025 10:34:18 PM
- Updated (UTC)
- 10/7/2025 10:34:18 PM