In the age of cryptocurrencies even – like Shiba Inu and Dogecoin – it was only a matter of time before a Squid Game token was released.
That day has arrived, with the launch of the Squid crypto token. The token differs from other tokens itself, however, in that it is acquired by “winning” it in games.
Squid is a “play to win” token, which means that it can be purchased in online games, and the winners of the games will acquire more tokens.
“The more people sign up, the bigger the pool of rewards,” the the token white paper reads. “Most importantly, we are not providing seemingly fatal consequences!”
Unsurprisingly, given the cult of Squid Game, the new token has taken off. On Tuesday, a single token was worth about an American cent. The price is currently at $ 3.34, more than a 3,300% jump in just three days.
In some depressing news for those of us who aren’t proud of HODLer’s of Squid, if you invested $ 100 in the token on Tuesday, it would now be worth $ 3,300,000.
The squid isn’t the only piece of pop culture to soar this week. Shiba Inu has seen a meteoric rise, going from 111% increase this week alone. The coin has grown considerably since its inception. In fact, if you had invested $ 1,000 in the meme currency in November 2020, it would now be worth $ 1.2 billion.
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The Squid token is not yet available in Australia, but Shiba Inu can be purchased from the Australian Crypto site, Swyftx. Although Squid is not technically available here, some qualified investors are finding ways around this problem with a crypto wallet.
However, investors should do so with caution as CoinMarketCap, a leading crypto platform, has issued a warning, saying he has received “multiple reports” that users are unable to sell this token on Pancakeswap, a popular decentralized exchange.
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