Topic: Why is Squid Game still listed ? - page 2. (Read 254 times)

it's still listed and nothing wrong with this. Im sure that the fraud case of squid game has been making bunch of people are loosing their money but it seems like this can't be delisted if the exchange site has not yet decided to delist this scam token. I know that you are feeling frustate after seeing how it is still listed on the exchange site but you must also aware about this. Im sure that as long as this token is still alive and it can always be traded on the blockchain. This was permanent. It's caused by blockchain were running by so many validators.
The question must be for the exchange site why it is still listing scam token like this.

Then why LUNA team minted new tokens if already blacklisted dev wallets by Binance, i think all of minted tokens selling by LUNA teams, even Binance CEO said to LUNA team to burn new minted tokens. SQUID token holders over 100k, and still it's trade ongoing with several exchanges, it’s listed two biggest centralized exchanges, so many holders with this project even after SCAM.

IMO, I think the probable reason was Squid Game is still popular because it was attached to a popular game on TV thats why many holders are still trading that token till now, but it doesn't mean its safe already because as we observe in the past a number of projects that have already been involved in the series controversy will always die in the process if the leadership or the team of developers has already abandoned it. that's why? be careful who knows that anytime soon it will collapse.

Anyway, Terra Luna has a different story compared to Squid Game thats why it's inappropriate to compare it to the Squid Game fiasco.    

These popular coin tracking websites need to change their algorithm for actual reporting value because literally the trading volume of those tokens become zero but still exchanges may have pending orders and it will be there forever but the tracking sites have to remove them to keep their reputation up.

Even though the Squid Game (SQUID) developer is proven to be doing Rug, their community still wants this token to continue. You can see the warning given by CMC on the CMC token Squid Game (SQUID) page.

" It appears that this asset can now be traded freely on various exchanges. The project is now ostensibly run by the community after the initial rugging allegations. Please do your own due diligence. This project, while clearly inspired by the Netflix show of the same name, is NOT affiliated with the official IP. " - https://coinmarketcap.com/currencies/squid-game/

And again, you can't compare $SQUID with $LUNA, why is the price of $LUNA so far now? that's because they have a very large circulating supply. Currently circulating supply at $LUNA is around 6,500B while in $SQUID tokens, there are around 800M in circulation. Of course that's a very far comparison is not it?

Coinecko is a website containing information about tokens/coins, it's not an exchange. I think they will have no problem presenting any coin information even if it is a rugpull coin, because no one will buy it there. Usually a type of rugpull coin in Coingecko will disappear by itself along with being drowned by a new generation of coin projects that will soon be listed on Coiningecko.

GC may already know that Game SQUID is part of a scam project because many victims have lost due to rug pulls, but GC only lists the trading volume of coins that have been listed on the exchange, so we know that many shitcoins can be easily listed on GC and CMC.

You noticed Squid Game because of the recent scam that happened a few months ago but you didn't notice the other projects that are listed on Coingecko that has no use case or pretty useless at all.

Isn't a coin that is useless, no market cap, low volume on exchanges, no community whatsoever a scam? They aren't scamming directly yes but, most of the listed altcoins right now in either Coingecko and Coinmarketcap are pretty useless TBH. One thing more is that comparing these 2 coins are kinda irrelevant. If the UST incident didn't happen, will you compare these 2 coins?? Another one is Squid Game only has 800 MIL total supply with a price of 1 cent whereas LUNA's supply has 7 Trillion. Why comparing these 2 at first place BTW?

In my opinion, there is no need to link the two projects as both have cut the high expectations of the token holders. However, the Luna project is still better because it has a team that has been verified and is still determined to develop from the bad things that have happened at this time.

I am wondering the same about the existence of over 90 percent of the coins on Coin Gecko or Coin Market Cap's list of currencies.  Most of them are copies and scams.  The amount of Cryptocurrencies adding an actual value to the Blockchain technology and Cryptocurrency adoption is negligible.

On the other hand.  I wish they de listed all these scams while I also do not.  Years ago there was this Cryptocurrency with a racist name that sparked a lot of discussions and debates.  Is it right to start censoring or should it be OUR own choice to find and decide what is better or worse for ourselves?  Technically, there is a good reason to ban and de list scams.  But practically, this still is called censorship.

I would say it should be us to put the blame on for trusting random Cryptocurrencies just because their name appears on a no name Exchange.  Who the hell even thought and believed Squid Game coin was going to be a successful thing?  Look up the latest Altcoins that popped up.  You will see there is a similarity of more than 75% between them all.  Nowadays High APY is trending, so that is what you see for almost any new coin.

You should not invest in random coins for the same reason you should not invest in random businesses listed on the Stock Exchange.

Things were way more fun back in the day when only few Cryptocurrencies existed and most of them tried to actually bring utility and progress.  Nowadays it is more like we are giving value to bags of poop.

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Regards,
PrivacyG

I think SQUID Game and LUNA have very different founders and the concept they developed is very different, LUNA still has products that can be useful for many people, while for SQUID Game, I don't think it has much development which of course makes them unable to last long.

It doesn't matter the scam status, as long as the coin is still in the GC user's watchlist or at the top of the search list, they will still list it. The service must pamper users so that they visit the site every day which is nothing but to maintain visitor traffic.

With all the trading volume they get, they would love to have their hands on that kind of volume. Squid game having a more significant value mainly is driven by its name? I guess. It's only used for trading, not actual use, for sure.

The sad part about it is that many people have lost money in LUNA and are probably affected by their living or quality of life, and it's still being used as an asset that has almost 0 value. I saw some portfolio that had $1M on Luna and is now valued at $1000, so it's scary.

The exchange is still benefitting from the trading transactions, so that is probably why it's still not out.

Ofcourse once they listed it there are times that it will be there since they put up data on that. Now probably getting hard time to monitor those projects that arent providing trading volume and liquidity anymore. There are plenty of projects that arent have any trading activity now but still on the list. Just dont mind it, maybe one suggestion to coingecko to delist any project that arent active.

Coingecko is not an exchange site and can list whatever coin does people wants as long as there is enough vote I think? so it is not surprsing that it is still in coingecko since coingecko is just a tracking site not exchange site, it is different if it is listed on exchange like Binance.

I think they will be delisted when they really are in the bottom position or disappear from circulation when drowned by other projects that will list on Coiningecko because as far as I know coiningecko never removes coins from their list even when everyone considers rugpull. If you mean, this squid rise means they're going to bounce back I think that's wrong, because there's still a chance it's an inducement for people to start getting in there to get stuck there. Rugpull meant they were completely abandoned by the team, but LUNA didn't.

I do aggree with this and yes maybe the developer already withdraw lot of coin and mixing it but the exchange still need trading fee  . you can take a look 5 CEX still listed this token

It is impossible for exhanges to know the full etory of all of the 10s of thousands of crypto projects that have launched. The best they can do is set up certain reasonable criteria and parameters for the project to meet, and then allow the free market to pick winners and losers, and warn each other of potential scam projects.

When $DOGE first launched, it was done as a joke. Some may have considered that a "scam" by some estimates. But over time the joke started to take itself more seriously, and is now a top 20 project.

Who can say for certain where the ultimate value lies in each different protocol or project. Consumers need to take more active responsibility in evaluating projects, not less.

It was proven to be a scam and we know so well the history of squid game. The different thing is the total supply of luna that was triggering the very big inflation. Yeah squid game was a scam token but you must also analyze the total supply that owned by both.
This time luna has almost 7 trillions on its total supply while squid game was around 800 millions. There are huge gaps between both and it think that's a common thing to see that squid has more price than luna coin.
The total supply was even different and don't you aware about this? As long as the token is still actively traded even with the small volume and this will make listing site will not to delist it

If you know about crypto, you'll know that pretty much most projects rely and work on hype. Squid game was the series for 2021(acutely taken in by people because of the enforced covid home stays) so this hype translated into the crypto, and thus, m you see what is going on there