Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts
Log In
Found the internet!
42
pinned by moderators
Posted by17 hours ago
Snek14
42
2.1k comments
158
Posted by
Tin
4 hours ago
158
135 comments
303
Posted by8 hours ago
All-Seeing Upvote

A cryptocurrency inspired by the popular South Korean Netflix series Squid Game on November 1, 2021, became the most hyped digital token when its valuation shot up to $2,861 per coin.

It is possible one of the fastest, if not the fastest, rugpull in crypto history. In matter of a week, scammers escaped with around $3 million.

Using the popular Netflix show, a poorly made website with bunch of errors, typos, a whitepaper that was also filled with errors, typos and mistakes, going on BSC - Binance Smart Chain - scammers succeded in giving people hope that they are earning a lot of money, before taking all of it with them.

They were listed on Pancakeswap and had some small, poor liquidity on 26th October. Over the weekend the price went up to $38. In six days it kept going up mad, hitting ATH of $3100 and then it just went down in a matter of seconds.


If anyone wonders what does it look like when you are being rugpulled and how a price goes down in a matter of seconds you should reallycheck out this reaction of a streamer that caught it live .


https://preview.redd.it/gr5ijf0bf2fb1.png?width=946&format=png&auto=webp&s=c2409e9339161b44b40ca10cb039680e69a0aab4

They lured a lot of clueless investors, who were I guess too lazy to DYOR, giving them an idea that they can earn millions or billions and take it all with them if they win in the game - like in the show. The idea was that people will be able to earn SQUID by playing the game, they needed some SQUID to register before the tournament started.

The whitepaper noted that they implemented anti-dump mechanism like in BTC, and that users have to collect some "Marbles" in order to sell SQUID, without explaining what is Marble, and how do you get it. Crazy huh? People didn't care. Still invested.

303
272 comments
157
103
Posted by
Silver | QC: CC 64, CCMemes 21 | CRO 59 | ExchSubs 66
7 hours ago
103
191 comments
348
Posted by15 hours ago
Faith In Humanity RestoredAll-Seeing Upvote
348
136 comments
111
Posted by
Platinum | QC: CC 721
8 hours ago
111
244 comments

About Community

The leading community for cryptocurrency news, discussion, and analysis.
Created Mar 11, 2013
r/CryptoCurrency topics

6.6m

Members

3.9k

Online

Top 1%

Ranked by Size

Community Points

Moons
121,112,951
Total
Moons reward posters, commenters, and moderators for their contributions to the subreddit. They are distributed monthly and used to weight your vote on polls.

Related Communities

r/ethtrader

2,261,007 members

r/CryptoMarkets

1,501,985 members

r/defi

111,030 members

r/Bitcoin

5,678,044 members

r/Monero

293,616 members

r/ethereum

2,433,400 members

r/CanadianInvestor

362,437 members

r/NervosNetwork

18,492 members

r/kucoin

131,631 members

r/cardano

689,381 members

Scheduled Discussions

Below is a list of official r/CC discussions which are posted on at regular intervals. Follow the user accounts posting them so you will be notified in your home feed when new threads are available.

r/CryptoCurrency Rules

1.
Core Principles
2.
Spam
3.
Manipulation
4.
Illegal Activity
5.
Content Standards
6.
Personal Information
7.
Content Theft
8.
On Topic Discussion
9.
Suitable Titles and Flairs
10.
Communicate With the Mod Team

r/CryptoCurrency Calendar

Moon Snapshot

August 2, 2023

Moon Week

August 2, 2023

Moon Distribution

August 9, 2023

Moon Snapshot

August 30, 2023

Moon Week

August 30, 2023

Moderators

Moderator list hidden. Learn More