An imitation of a giant doll featured in the South Korean survival drama “Squid Game” launched this week in a Seoul park, giving curious fans and viewers a chance to experience a bit of what the mega show is like from Netflix.
South Korean giant “Squid Game” now has its own brand of cryptocurrency which gained 2,400% in 24 hours, trading at $ 2.22, according to CNBC. Additionally, the market capitalization of the novelty token “SQUID” is over $ 174 million.
At 9:40 a.m. on October 29, it was trading at $ 2.80, up 1,014.50 percent, according to CoinMarketCap, and the 24-hour trading volume rose 123 percent to $ 5,513,681.
Netflix’s Korean-language death game drama hit the headlines after becoming the most watched show on the streaming platform.
Specifically, CoinMarketCap posted a notice to interested users about the token stating that it has “received several reports that users cannot sell this token on Pancakeswap” and asked to “be careful” when trading.
While it is currently unclear why users were unable to exchange the tokens, the whitepaper states that there is anti-dumping technology that will prevent the coins from being sold if certain conditions are not met, the report said.
Contacts listed in the white paper did not respond to inquiries from CNBC, she added. Pancaskeswap is a popular decentralized crypto exchange.
The token was introduced as “exclusive currency” for the Squid Game project, a cryptocurrency tournament to learn to play that starts in November. but without the “fatal consequences,” added the white paper.
players have to pay a preset price for SQUID and some rounds require custom NFT which is available for sale on their website. The final game of the tournament is said to cost 15,000 tokens, or $ 33,450 plus an NFT, according to the report. He added that at 10:90 a.m., entry fees will be split between developers, or the number of pooled winners.
