SQUID Token Swims Away

Squid Game, which trades on Binance as SQUID and is a play-to-earn token inspired by the Netflix ($NFLX@US) hit series, has been dubbed a “rug pull.” It lost almost all of its value as it was revealed to be an apparent scam. Its promoter successfully drew in buyers then stopped trading activity and made off with the money raised from sales. The token’s Twitter ($TWTR@US) account is currently suspended. Squid Game saw a gain of nearly 83,000% even as it was labeled a scam by multiple reports. However, a new squid-themed cryptocurrency has taken over. Angry Squid, trading on crypto exchanges as ANGRYSQUID, is up 1,249.18% during the past 24 hours, trading at $0.001608. Angry Squid is a game with user bonuses. The altcoin touched an all-time high of $0.001589 early Thursday and is currently the biggest gainer among all cryptocurrencies. The token has surged 1,254.23% against Bitcoin and gained 1,239.53% against Ethereum. It has a relatively low 24-hour trading volume of 384,367.