Investors lose millions after they piled into a cryptocurrency inspired by ‘Squid Game’.
Squid Game is a popular survival series on Netflix.
The cryptocurrency Squid began trading early last week at a price of just one penny per token.
It drew attention from several mainstream media outlets.
On Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap.
Later the token’s value grew from $628.33 to $2,856.65, as per a crypto data tracking site.
Then, five minutes later, it traded at $0.0007.
However, the reasons behind Squid’s collapse weren’t clear.
