There's a 'Squid Game' cryptocurrency... but it could prove to be a risky investment

The success of 'Squid Game' series has sparked a range of spin-off initiatives including some dubious ones. — Relaxnews

A mysterious Squid Game token recently appeared on the PancakeSwap marketplace. While it may get attention through its name, it could well turn out to be a scam attempt to lure fans of the series and get money from them.

Is the Squid Game craze taking over the world of cryptocurrencies as well? In any case, a mysterious crypto asset project has been reaching huge sums since its launch on October 26. Launched at a price of US$0.012 (5sen), on Friday it was worth US$4.50 (RM18). As of Thursday, it was recording an increase of nearly 2,400% in 24 hours. So why is this cryptocurrency making such a splash? It seems that the only reason is the power of the Squid Game brand.