40,000 people lost everything in 5 minutes, how did the squid game manipulate human nature?

In just 5 minutes, the exchange rate dropped by 99.9999% and 40,000 numbers were immediately deleted.

The Magical Monetary has pieced together a crazy, tense and thrilling story.

In the first half of the crash, the whole community was filled with pomo enthusiasts, project-side orders frantically, and various information and activities frantically stimulated investor interest.

before the sale.

airdrop.

Squid Game also offers nerve-wracking competitions.

Overly thoughtful traders lower their heads and hurry. In just a few days, Project Party's Telegram group topped 90,000, its Twitter followers topped 30,000, and controversy topped 7,500, and the numbers grew. New domain names.

The surge in currency prices and market value made these investors even more jealous.

This hunting game has a lot in common with "pig hunting" and its leader is the "squid".

In fact, it's been doing very well since the Squid Coins pre-sale, and even with the moon assembly.

Presales started on October 20 and they all sold out within 1 second.

Announced on October 29 at a price of 1 hundred percent, it soared 2,400% to $2.22 within 24 hours of its release, with a market value of over $174 million.

The next day, the price of Squid Coins continued, reaching $2,861.8 on November 1.

As traders excitedly pulled their hands and prepared to enjoy the freedom of riches, SQUID's value dropped from $2,861 per coin to $0.0007 per coin in five minutes, back to zero.

When I bought this history, I have an abroad, and I listen to it to the amount of coins.

So why is the SQUID price suddenly dropping?

Obviously, this is caused by the anger of short-term bookmakers.

According to a report by US tech website Gizmodo, the person behind Squid Coins earned $3.38 million in illegal revenue after shipping, even which uses the TornadoCash protocol to hide company history and send money. money through it. We raised funds and received the equivalent of Binance Coins (BNB).

This time all the other investors were shocked and almost all of them lost their money. No one wants investors to run out of money for a very important project.

Today, Binance officials announced the location of the contract as “suspected fraud” to warn investors.

An old man on Twitter said that the squid parts project really put the squid game on stage and only one person won in the end.

And the squid game that this guy mentioned is a Korean movie of the same name that was recently released on Netflix and has become popular all over the world.

During the game, a group of hungry people were invited to join the vicious organization and take part in the slaughter, with 456 players fighting in 6 matches. The final winner will receive a cash prize of KRW 45.6 billion. , and only one winner.

So what did this show have to do with the Squid Coins project? What makes Squid Coins so popular with this issue?

In fact, the trader took advantage of the popular movie to improve the gameplay and created the Squid Coin project. Squid pieces.

Players will need to pay a prepaid amount of Squid Coins to participate in each game, but some competitions require users to purchase custom NFTs sold on the platform.

So this similar pattern is still attracting interest in the squid coin project, but not enough, and marketers have shamelessly fabricated various lies to add heat.

He said the project has also entered into a joint venture with leading token partner Netflix and cryptocurrency platform CoinGecko.

However, Netflix and CoinGecko dropped the rumors, saying they had nothing to do with the project.

The CoinGecko co-founder told the media, “Squid Coins do not follow our registration process and therefore will not be listed and traded on Coincecko. This is generally a scam.”

This wave is not successful enough. No problem. There is also a world-class musk that can "help".

On October 23, Musk responded to rumors that had nothing to do with the relationship between the Netflix show 'Squid Game' and the ISP (internet service provider), and had nothing to do with Squid Coin on his Twitter account in October. 23rd.

However, the conspirators took the time and caused a lot of frustration, doing the publicity work and secretly changing the concept and calling it Moon Squid.

Then pushed, many people were drawn into the assembly, and I can only say that I really liked this move.

The operator of this squid currency is the hype kind and he is very good at trading using hot situations, so he can create another "legend" in the currency cycle over time. more than half a month.

You might even be surprised if you see this. This trader is already boiling the project, so why is it closing so fast?

Uncle Jian, who was scrutinized by big data, is probably because he doesn't have much time for business.

First of all, the project was originally popular, but over time, the popularity of the movie 'Squid Hunt' decreased more and more, and the time to announce it became smaller and smaller. gold

Another important reason is that many traders are finding that SQUID tokens are not selling and causing buzz in the community.

The CoinMarketCap website has also published explicit reports that users have received multiple notices stating that Squid cannot be sold on Pancakeswap, the only cryptocurrency exchange that accepts Squid.

The parties explained that if they want to sell Squid Coins for free, they should first have other tokens from the "Marbles" project, which were obtained by finishing the tournament in 6 matches, and must pay 456 Squid to participate in the competition. . . If you do not pass a level in the game, these 456 Squid Coins cannot be reversed.

Obviously, the cost of this process is too high for investors, so investors often don't buy into this process, leading to an "rnm, reversed" scene in the community.

The merchant is weak when he sees this situation, and after thinking about it, he lets go of his hand early and decides to run away.

Uncle Jian thought that this business, which was first hyped for the gold market, would end when the exchange rate returned to zero, but did not think that two days ago it had been again mediated by another group.

Yesterday, the price of real currency survived and rose several times, due to a flurry of people setting up a closed conversation.

It must be remembered that this is the last challenge of the player, they just rush to use the remnants of the "squid game" to lure more people into the water and cushion their backs. outside.

Does it smell like a Ponzi?

Just as the human condition is tested in the “Squid Game,” the rise and fall of the squid coin clearly reflects the lust of human nature. Absolutely.

Many facts prove that the human condition is not conducive to experimentation, and when faced with a new creamery, it is better not to experiment at this time when all sorts of deceptions have occurred.