New Delhi: The South Korean Drama—Squid Game—has become a new name in the cryptocurrency world as it has own cryptocurrency brand.
Reportedly, in the last 24 hours, this currency has increased by 2,400 percent following which is trading at $2.22. Its market capitalization has exceeded $ 174 million.
According to CoinMarketCap, following a jump of 1,014.50 percent on October 29, it was trading at $2.80. Volume traded up 123 percent to $5,513,681 in 24 hours.
The crypto's pre-sale started on October 20 and according to some reports it was sold out in 1 second.
The CoinMarketCap issued a note regarding the coin where it said that it has received several reports claiming that users are unable to sell this token on a famous crypto exchange called Pancakeswap. It also asked to be careful while trading in this coin. Though, the reasons are unknown that why users are unable to trade in this token.
According to a report, it has anti-dumping technology that prevents the sale of coins if certain conditions are not met.
The token was launched as an "Exclusive Coin" for the Squid Game Project, a crypto play-to-earn tournament that launched in November.
Also read:Sensex Rises More Than 500 Points, Nifty Reclaims 17,800; Bharti Airtel, Tata Steel Stocks Gain
Also watch: