"Squid Game 2" triggers a craze for the eponymous cryptocurrency, experts warn of potential scams
According to foreign media reports, with the launch of "Squid Game 2" on Netflix on December 26, a series of cryptocurrency tokens bearing the same name quickly flooded the market.
CoinTelegraph and blockchain security company PeckShield warned that these tokens may be involved in scams or "rug pull" activities. PeckShield pointed out that one of the tokens issued on the Base network is centrally held by its distributors, and its price plummeted by 99% after listing. Similar tokens also appeared on the Solana network and could be manipulated by a few holders.
Previously in 2021 when "Squid Game" first aired, similar token scams had occurred where a certain token's price skyrocketed over 45,000%, but it was ultimately confirmed as a scam because it couldn't be traded. Investors need to remain highly vigilant about crypto assets related to popular film and television works to avoid unnecessary losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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