Topic: Why is Squid Game still listed ? (Read 263 times)

People will choose those what will give them profits. Investors don't see what is scam but which is going to do good in the market. Also could be a pyramid scam. So stay away.

Although squid game was scamming their holders, seems like it still not fully dead.
There are some trading volume in the market, looks like the community of squid game still run this coin.
Even now there is squid game 2.0, we should be careful about this coin if we don't want to getting scammed again.

I had several squad game coins.At that time the price was $800.But now the value of that coin is only $40.The matter is very frustrating to me.Such a loss has never happened in my life.I don't understand what happened to Squad Game Coins.It has not yet been proven as a scam token.So I still hold on in the hope of being pumped.I don't know if it should be hold.Lunar coins were dumped in exactly the same way.What happened to these two coins I saw is unbelievable.I don't know if these coins will return to their former position.

As far as I know Coinecko is an information platform as well as Coinmarketcap where this platform provides info2 about the prices and ratings of coins listed on their list, (hope I don't misinterpret)

I think you don't have to worry too much about their trade if it is already very detrimental and causes anxiety I think the exchange will delist them

Supposedly the exchange should issue a firm decision to delist the scam tokens/coins, many scam news have been verified from many detailed reviews. If the news is not released immediately, the two exchanges will have an effect on trust because they still support Squid scam trading.

That's true, squid game token is still listed a few centralized exchanges such as poloniex and gate.io also trading in the dex but we know that thos project was heist over 2 million dollars.  as i heard. 5-6 addresses holding 70% of the tokens, so definitely they can manipulate at any time if they will go to sell of their tokens.

This is my posture as well, do we want those websites instead to cover the truth and to not report coins like that? This will be incorrect as we need to know if there are still some exchanges and traders that are interested in a scam coin like that.

Also this would make things way more complicated for sites like that as now they will have to evaluate each coin and determine if it is a scam before they report anything about it, and this is something that they will have to do every single day as we know that coins that seemed legitimate can turn into a scam at any moment, so doing something like that will only bring them headaches while bringing no benefits to them at all.

There is nothing that can stop them from scamming because no one in this world will go to their place and prove if they are doing anything about their project. They can say what they want giving false promises to their investors and listing their coins as if nothing has happened. too many reasons for them to stop this project but what can we do? they just saying nonsense in their telegram group giving their investors false hope and not caring about their money at all.

Ah yeah, I almost forgot that shitcoin even exsited. But it's still listed? So I guess there are investors that still trying to make the token alive so far. If it's still there, then there's demands over their markets. But be very careful. It's not very advisable to invest on it. It's indeed sad seeing that a rugged token still exsited to be traded on some exchanges.

I doubt any top centralized exchange would keep squidgame token listed. If people are still trading, then they are most likely trading using a decentralized exchange. The market cap of the coin is so small that anyone can actually manipulate the price. Luna might worth less than squid game but in terms of marketcap, I bet Luna is higher. So Luna actually worth more than squid game. It doesn't has to beat Squid Game. I doubt luna will ever recover.

I am also confused about this because it is still also listed on CMC. and when I check on the exchanges, there are still several exchanges that list the token with quite a good trading volume.
Yes, this is proven as a scam token. But now, the token is managed by the community, maybe the community doesn't want their money lost and they manage the token and still tradable.
I wonder and search for the token in both CMC and COinGecko. In fact, there are also several token name Squid, Squirt and othe Squid ..... 

yea , we must submit request to coingecko team so they could delete squid game data. it really  dangerous if any investors buying it without understand reason this price drop alot. cmc and coingecko must understand this risk in our request.

I think coingecko just gonna list any altcoin they could see but in the case of squid game and any other scams tokens coingecko just gonna give an alert and maybe head on that this specific altcoin might be a scam.
it's just like how CMC usually giving a warning that some altcoins might be highly fluctuative, scams, rugpulls and etc.
Considering the fact that this squid game coin itself is still traded in some dex exchange that I think is ridiculous but I guess some people just don't wanna let go this squid game coin even after the massive rugpulls.

There's nothing Coingecko could do other than put a warning once users are on the Squid Game page. Maybe you could write them a letter requesting a take down. You can do the same with Coinmarketcap and other less known market data aggregators.

It’s still there because Squidgame is still listed on 9 exchanges and seriously there’s still a huge volume for this one and yes technically those are the old holders of this token but if the developer already abandoned this, I also don’t know why those exchanges still listing it, maybe those exchanges have the holdings as well that needs to be disposed so better to be careful on this and don’t trade at all, this is just another pump and dump shit tokens, can’t be trusted at all.

CoinGecko is just an informative site. They are right in detailing every cryptocurrencies of the market indiscriminately. There are no issues by doing this, especially because they display a warning message on the top of the screen. We could argue the message should be more highlighted or the text more emphatic, but scams are also part of the history and shouldn't be forgotten or ignored. Instead, we should learn and keep them alive in our memories to not fall for similar offers in the future.

You've made a mistake, I'm afraid. This thread is about Squid Game. What does the LUNA team have to do with SQUID tokens?
The Squid Game token was a scam, and the developers did a rug pull from under token holders. It has nothing to do with what happened with Terra LUNA and Terra UST.

This is not the fault of coingecko, if there are some exchanges out there still allowing people to trade that scam coin with some volume then it is their responsibility to report it, it would be completely different if they were encouraging people to invest in the coin but since that is not the case I do not have a problem with this.

This is similar to the bad news that are reported, are those that report bad news responsible for them? Should they hide them? Not really, they are just informing us about something that is happening and nothing more.

I believe those who still invest in the squid game token do so to play the pump and dump game (fully aware of the risks attached). The just need a little upward movement in price to take out their funds. The last man standing is the loser in this case unlike the movie the token was all about.

The point of coingecko is not to get things that are shady or shticoin or scam to get delisted, they are just there to make sure that they list everything they can, even if it is a scam. However, the idea that it is still standing and still used by people and even up for a small amount is a big deal, that basically means that you can't really expect much from the crypto community these days. If we are along with people who are willingly spending their money on a proven scam coin, then it means that we can't really hope for anything better in the crypto world to happen anytime soon neither. We will have a ton of scam projects in the future as well, as long as people are proven to be scam and yet people are still investing into it then there is nothing that we could do about the community growing to be better and getting richer, we are just hopeless.

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

Squid game will never be delisted from the exchange site until the blockchain that used to build this token is dead. Why? it's still listed on the decentralized exchange site but look at how some centralized exchange site didn't even care about the case that happened with this token.
There's also new probability of squid already taken by the new developers. Those dumb people will always buy the dead token from the market. You must not be surprised with it.
That's only a shit token that is still being bought by dumb people who used it as pump and dump token in the market.
I would like to call this people as gambling instead investing as they bought scam token

The only explanation is that there are still investors who pour their money on this project. So obviously they will survived that way. Nevertheless it doesn't mean it is not a scam or will not do a rug pull. What if suddenly their investors withdraw and move to the next hype? So there is still danger here, so it's better to be very cautious about this kind of token with no real use case whatsoever but pure pump and dump scheme that might harm investors, specially beginners in cryptoverse.

Pumpers and dumpers will always be using squidgame to play. It doens't matter whether that has proven to be a scam token or not as long as pumpers and dumpers can make money from there and they will always try to buy the scam token.
I know that if you are ever loosing in the squid game and that would be a very painful for you but this is crypto when everything that is still in the blockchain can be manipulated easily.
It's pretty similar like when you are buying worthless token but again squid game is not yet erased from the blockchain

My understanding is that Binance blacklisted developer wallets, so the token is now completely controlled by the community. I am not sure why some people still trade Squid Game tokens, since I would never invest in such worthless meme coins, but at least a new rug pull from the developer side is no longer possible.

When it comes to the exchanges, they will list anything since their only goal is to earn from trading fees.

It's because the volume is still there and these exchanges that haven't delisted them are benefiting from them. IIRC, bitconnect was the same.

It took a long time before most of the exchanges have already removed it. This time, it's all about traders that as long as there's volume and it is liquid.

They don't mind getting in and they're aware of the risk. But it's better for them to just find another coin and pair to trade and not with this scam coin.

Maybe, those holders are still trying to get something out of it. But sooner or later, this token will die down eventually. So for holders, better discard it while you can, because later on, I don't think it can still fetch a price in the market. And in terms of LUNA, I don't think this can recover even if the CEO is saying he will revive this project. No one will trust them anymore.

I was shocked to find this project is still listed on CoinGecko and even doing well relative to other projects, up 5% today. The question is why ? Wasn't this proven to be a scam ?
Meanwhile LUNA is worth even less than Squid Game token, I think it's pretty much over for LUNA if it can't even beat Squid Game..