Altcoins

Can’t sell Squid Game token

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It has been reported many times that it is not possible to sell the Squid Game token on Pancake Swap. This token inspired by the Netflix show may be a scam.

Squid Game token address: 0x87230146e138d3f296a9a77e497a2a83012e9bc5

Be careful as this might be a rug pull. Squid Game token is currently available only on Pancake Swap, but there are several issues with selling it, however it is quite easy to buy it. Token information and current price:
https://pancakeswap.finance/info/token/0x87230146e138d3f296a9a77e497a2a83012e9bc5

There is a warning message on CoinMarketCap regarding trading of the Squid Game token:

“We have received multiple reports that the users are not able to sell this token in PancakeSwap. Please exercise caution while trading,”

This token has gained over 45000% in just few days after being released.

As mentioned on the Cointelegraph: “The idea of the Squid Game token is inspired by Netflix’s eponymous show where players risk their lives to play deadly games in hope of a big payout. The token is said to allow players to participate in six online games, with the goal of winning prize money.”

But there are no active devs and it seems that team does not exist or is very shady. It is not recommended to buy the Squid Game token because it is possible that you won’t be able to sell it on PancakeSwap for BUSD or BNB, despite the price being over $13 on 30-Oct-2021.

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