Gone in 5 minutes: Investors lose millions in 'Squid Game' cryptocurrency

More than 40,000 people still held the token after the crash, according to BscScan, a blockchain search engine and analytics platform

Millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours.
 

The cryptocurrency, called Squid, began trading early last week at a price of just one penny per token. In the following days, it drew attention from a number of mainstream media outlets. By early Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap.
 

Then Squid went on a roller-coaster ride. In a 10-minute span later on