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Binance, the world’s largest cryptocurrency exchange, has initiated an investigation into the Squid Game token in order to track down cash linked to the recent 45,000 percent pump and dump.
According to the exchange, the Binance Smart Chain-based gaming token SQUID is suspected of being an exit scam or rug pull.
Despite this, some overly hopeful users are still buying the token in the hopes of a comeback, with the price having increased sixfold in the last 24 hours.
Story by : Norvisi Mawunyegah