How a Squid Game Token Investors lost all of his life savings

The lack of regulation of Cryptocurrency is going to cause a lot of people to lose a lot of money really fast and we saw that when a man lost his life savings from investing in the Squid game token.

Squid Game token is a meme token, it became popular and popped briefly making people think it’s a real deal. Sadly, a lot of people were scammed when Squid Game developers listed their Squid token on platforms, collected money, and ran off with investors’ money.

The scammers made away with over $2 million. Squid coin was only on the market for days, it started trading at 1 cent then it ran up to $4.42 based on demand, a 44,100% surge in price.  

The Squid game token began to gain more attention after CNBC, and other big platforms started to spread the news of how fast Squid token was soaring in token price. As a result, the coin reached $2,861. The token became popular because it was named after a popular Netflix show.

Scammers came into the crypto world to make fake or meme coins, collect money from a lot of people and are able to pull the rug due to the lack of regulations in the industry.  Those who bought Squid Game token with the hope that they will become a billionaire one day from investing in the Squid token cryptocurrency have lost it all.