TheNFAPost Podcast

Tokyo, NFAPost: South Korean ‘Squid Game’ now has its own brand of cryptocurrency that has gained 2,400% in 24 hours, to trade at $2.22, CNBC reported. Even, market capitalisation of the novelty token ‘SQUID’ is above $174 million.

It was trading at $2.80 on 29th October – jumping a further 1,014.50 percent, as per CoinMarketCap. Volume of trade over 24 hours was up 123 percent to $5,513,681.

The Korean-language Netflix death-game drama made headlines after it became the streaming platform’s most widely watched show ever. The crypto began pre-sale on October 20 and its whitepaper claims it sold out “in 1 second”.

Whereas, CoinMarketCap has posted a notice for interested users about the token, stating that it “received multiple reports that users are unable to sell this token on Pancakeswap”, and asked to “exercise caution” when trading.

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