Squid GamePrice

(SQUID)

No, the original 2021 SQUID token was a documented rug pull where the developers abandoned the project. The current landscape consists of fragmented "community takeovers" and various new tokens launched on different networks. While some new versions use the same ticker seen on major crypto tracking platforms, they are distinct from the abandoned original project. Investors should be extremely cautious, as many new iterations are created by opportunistic developers looking to capitalize on the legacy of the original scam or the hype surrounding the show's new season.

No. Netflix has no official connection, partnership, or involvement with any cryptocurrency, token, or blockchain project bearing the "Squid Game" name. In fact, the show’s second season even features plotlines that appear to satirize the cryptocurrency space. Any project claiming to be the "official" token of the series is fraudulent. These tokens are unofficial fan-made or community-led memecoins that leverage the intellectual property of the show without any legal permission or backing from the production company.

This is a significant red flag often associated with "honeypot" scams. In many Squid Game-themed tokens, the smart contract contains an "anti-dump" or restricted selling mechanism that allows users to buy but prevents them from selling. This was a defining characteristic of the 2021 rug pull and continues to plague new iterations. Always use security audit tools to check a contract's functions before trading. If a token lacks a verified sell function for the public, it is likely designed to trap liquidity for the creators.

There is no single "real" or "official" contract because there is no official project sanctioned by the show's creators. Multiple versions exist across various blockchains like BNB Chain, Solana, and Base. While some groups claim to be the legitimate "Community Takeover" (CTO) or a V2 migration, these remain unofficial, high-risk assets. You can use decentralized analytics tools to monitor which versions have active communities, but remember that high activity or visibility on social media does not guarantee safety or legitimacy.

Although many SQUID-named projects promise a Play-to-Earn game inspired by the show’s challenges, most are currently just memecoins with no working product. The 2021 version famously promised a game that never materialized. Before participating based on "utility" promises, verify if a playable version exists and check for audited code. Most current versions rely purely on social media hype and the release of new television episodes rather than actual software development or sustainable game utility.

To minimize risk, investors typically look for "renounced contracts" and "locked liquidity." A renounced contract means the developer can no longer alter the token's code, such as adding a blacklist or disabling sells. Locked liquidity ensures the developers cannot suddenly withdraw the underlying funds from decentralized exchanges. However, even with these measures, tokens inspired by popular media remain highly speculative. Always use third-party security scanners and research the team to see if they have a history of transparency or if they are anonymous entities.