There's a 'Squid Game'-Inspired Cryptocurrency Coin & It's Gone Up Over 75,000%

Squid Game is a global success, and it’s providing the inspiration for plenty of things – including cryptocurrency.

The Netflix survival series, available to stream now, inspired a coin called Squid, and it’s becoming quite a hit on the market.

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Squid was trading around $0.012 on Tuesday (October 26), but it was at $9.19 on Friday (October 29), representing an increase of more than 75,000% and a market cap of about $722 million, via Business Insider.

Presales of Squid started on October 20 and, according to its white paper, “sold out in one second.”

It’s also described as a “play-to-earn” cryptocurrency, in which players of online games can earn the coin. There are entry fees as well, with 10% going to the developers, and the rest invested back into the reward pool.

“The more people join, the larger reward pool will be. More importantly, we do not provide deadly consequences apparently! Your experience will only reflect on the joy of winning rewards and sorrow of losing money when the game failed,” the white paper reads.

As for Squid Game, the director recently revealed whether he’s received a bonus from all the money the show’s making.