Squid Game digital tokens, a meme coin inspired by the immensely popular Netflix program, Squid Game, jumped from just $0.01 on Oct. 26 to a peak of $2,856 on Monday morning, before crashing all the way to $0.003352, according to data from CoinMarketCap. Keep in mind that CoinMarketCap warns its users that "we have received multiple reports that the website and socials are no longer functional & users are not able to sell this token in Pancakeswap. There is growing evidence that this project has rugged. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show on the same name, is NOT affiliated with the official IP." The direct causes of the short-lived boom and bust are still unknown, though one possibility is the token developers removed liquidity and "rug pulled" the project, making the price of Squid Game tokens collapse
