Squid Game Token
Rug PullDeFi · $SQUID · born 2021 · ✝ 2021
You could buy, but the contract wouldn't let you sell.
A meme token riding the Netflix show's hype. It pumped ~23,000% then the developers pulled liquidity and disappeared.
- Peak
- $2,861 per token (briefly)
- Cause
- Rug Pull
- Year of death
- 2021
☠️ Cause of death
An anti-sell mechanism trapped buyers while devs drained the liquidity pool — a hard rug, ~$3.3M gone.
📓 Lessons left behind
- —Read the contract: if you can't sell, don't buy.
- —Hype tokens with anon teams and no audit are traps.
- —A green chart can be a one-way door.
🌱 The idea that survived
On-chain rug detection
Honeypot scanners and token-safety tools (Token Sniffer, GoPlus) now flag un-sellable contracts before users get trapped.
#honeypot#meme#rug