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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16688230" data-attributes="member: 137766"><p>Never heard of this one. </p><p></p><h3><a href="https://seekingalpha.com/news/3762878-squid-game-tokens-crash-to-zero-after-230000-jump?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Squid Game tokens suddenly crash to zero after 230,000% jump</a></h3><p><a href="https://seekingalpha.com/symbol/SHIB-USD" target="_blank">SHIB-USD -3.94%</a>Now!</p><ul> <li data-xf-list-type="ul">Squid Game digital tokens, a meme coin inspired <a href="https://coinmarketcap.com/currencies/squid-game/" target="_blank">by</a> the immensely popular Netflix program, <em>Squid Game</em>, 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.</li> <li data-xf-list-type="ul">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."<a href="https://static.seekingalpha.com/uploads/2021/11/2/saupload_Capture_1.png" target="_blank"><img src="https://static.seekingalpha.com/uploads/2021/11/2/saupload_Capture_1_thumb1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></li> <li data-xf-list-type="ul">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 to zero.</li> <li data-xf-list-type="ul">"The problem is, what goes up in a straight line tends to retreat in a similar fashion." Antoni Trenchev, co-founder of crypto lender Nexo told Bloomberg <a href="https://www.bloomberg.com/news/articles/2021-11-01/squid-game-is-memecoin-warning-with-100-dip-after-230-000-gain?sref=Yg3sQEZ2&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid=socialflow-twitter-business" target="_blank">via</a> email on Sunday.</li> <li data-xf-list-type="ul">Squid Game isn't the only meme-based crypto that has seen tremendous boom and bust periods since "there's just a lot of money looking for the best theme," Jonathon Cheesman, head of over-the-counter and institutional trading at crypto derivatives exchange FTX, told Bloomberg. "Silly or otherwise!"</li> <li data-xf-list-type="ul">Another alt coin that <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank">has</a> been getting lots of attention lately, Shiba Inu (<a href="https://seekingalpha.com/symbol/SHIB-USD" target="_blank">SHIB-USD</a>), made a similar move as Squid Game throughout May of this year, though not nearly as quickly; the token surged from $0.00000163 on May 1 to a peak of $0.00003503 eight days later before falling back to as low as $0.00000882 on the last day of May, now changing hands at $0.0000686 per token.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16688230, member: 137766"] Never heard of this one. [HEADING=2][URL='https://seekingalpha.com/news/3762878-squid-game-tokens-crash-to-zero-after-230000-jump?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Squid Game tokens suddenly crash to zero after 230,000% jump[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/SHIB-USD']SHIB-USD -3.94%[/URL]Now! [LIST] [*]Squid Game digital tokens, a meme coin inspired [URL='https://coinmarketcap.com/currencies/squid-game/']by[/URL] the immensely popular Netflix program, [I]Squid Game[/I], 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."[URL='https://static.seekingalpha.com/uploads/2021/11/2/saupload_Capture_1.png'][IMG]https://static.seekingalpha.com/uploads/2021/11/2/saupload_Capture_1_thumb1.png[/IMG][/URL] [*]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 to zero. [*]"The problem is, what goes up in a straight line tends to retreat in a similar fashion." Antoni Trenchev, co-founder of crypto lender Nexo told Bloomberg [URL='https://www.bloomberg.com/news/articles/2021-11-01/squid-game-is-memecoin-warning-with-100-dip-after-230-000-gain?sref=Yg3sQEZ2&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid=socialflow-twitter-business']via[/URL] email on Sunday. [*]Squid Game isn't the only meme-based crypto that has seen tremendous boom and bust periods since "there's just a lot of money looking for the best theme," Jonathon Cheesman, head of over-the-counter and institutional trading at crypto derivatives exchange FTX, told Bloomberg. "Silly or otherwise!" [*]Another alt coin that [URL='https://coinmarketcap.com/currencies/shiba-inu/']has[/URL] been getting lots of attention lately, Shiba Inu ([URL='https://seekingalpha.com/symbol/SHIB-USD']SHIB-USD[/URL]), made a similar move as Squid Game throughout May of this year, though not nearly as quickly; the token surged from $0.00000163 on May 1 to a peak of $0.00003503 eight days later before falling back to as low as $0.00000882 on the last day of May, now changing hands at $0.0000686 per token. [/LIST] [/QUOTE]
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