Déjà Vu? Squid Game 2.0 Token Debuts With 45% Gains, $4.5M Trading Volume
Portfolio Pulse from Mehab Qureshi
The Squid 2.0 Coin has become the most trending cryptocurrency on DEXTools, sparking concerns about its authenticity due to the scam history of its predecessor, Squid Game token. The new coin has a fully diluted market capitalization of over $21 million and has experienced a 45% surge in value and over $4.47 million in trading volume in the past 24 hours.
July 11, 2023 | 4:53 am
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NEGATIVE IMPACT
Ethereum (ETH) was mentioned as a reward for holding the original Squid Game token. The scam history of Squid Game token and the concerns about Squid 2.0 Coin could potentially impact the perception of Ethereum's involvement in such projects.
Ethereum was mentioned in the context of the Squid Game token, which turned out to be a scam. The association of Ethereum with such projects could potentially harm its reputation and investor confidence, leading to a negative short-term impact on its price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50