The post Crypto Scam Alert: Squid Game Inspired Token Drops 99% in Shocking Scam appeared first on Coinpedia Fintech News
Recently, a cryptocurrency called Squid Game Token made headlines when it quickly gained popularity, only to collapse in a scam known as a “rug pull.” PeckShieldAlert on X (formerly Twitter) has warned about the scam.
A fake Squid Game token was just launched on Base three hours ago, with the creator holding the most tokens. The price of the token has plummeted by 99%, which is a sign of a rugpull. This happens when creators sell their tokens once the price peaks. In this case, the price dropped from $0.1442 to $0.0000000000001269.
#PeckShieldAlert Beware of scam #SquidGame tokens circulating in the wild. We have detected a fraudulent #SquidGame token deployed on #Base just 3 hours ago, with the deployer as the largest holder. The token has dropped 99%. pic.twitter.com/EIdaUldzaF
— PeckShieldAlert (@PeckShieldAlert) December 27, 2024
Cryptocu
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