In this video we are reacting to the Squid game crypto rug pull, this should always be a reminder that if you are constantly looking for new crypto that will make you a millionaire you are probably going to end up losing a lot of money.
Credit to the owner of the original video captured on a streaming network twitch, where he captured this moment “ it went to zero” where Squid game crypto scammers performed a rug pull and crashed the coin to Zero
Background Squid game is an original Netflix series that gained popularity and saw one of the most popular YouTubers Mr Beast recreating the game in real life
Because of the popularity of the original series scammers decided to create a fake crypto coin presenting it as a legitimate currency, the coin gain popularity, and investors started driving the price up, at the pick the price was traded above $500 before crushing down to zero
It is believed that the developer's addresses were blacklisted and Binance announced a pending investigation into the developers.
Squid games Rug pull
What is a rug pull in crypto? A rug pull happens when developers siphon off the investors' money and abandon the project after a huge amount is allocated to the fake crypto, the developers will dump everything on the market crashing out to stable forms of cryptocurrencies while investors are left with worthless cryptocurrencies
It went to Zero The purpose of this video was to demonstrate to anyone watching that you shouldn’t just jump on everything you see on social media, you probably will never find the next big thing, however, if you keep looking, in the process you may end up losing a lot of money.
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