According to foreign media reports, with the release of 'Squid Game 2' on Netflix on December 26, a series of cryptocurrency tokens of the same name have quickly flooded the market.
CoinTelegraph and blockchain security company PeckShield have warned that these tokens may involve fraud or 'rug pull' behavior. PeckShield pointed out that one of the tokens issued on the Base network is concentrated in the hands of its distributors, and the price plummeted 99% after listing. Similar tokens have also appeared on the Solana network and may be manipulated by a few holders.
When 'Squid Game' was first broadcast in 2021, similar token scams also occurred, with the price of a certain token skyrocketing by more than 45,000%, but it was eventually confirmed as a scam due to the inability to trade. Investors need to be highly vigilant about cryptocurrency assets related to popular TV shows and movies to avoid unnecessary losses.
