The New Crypto "Squid Game" witnesses a huge blow overnight

The digital currency, which saw one-week gains of almost 310,000% as of Sunday night, totally fell beginning at 5:00 a.m. ET, elevating doubts the whole endeavor was a trick. The symbolic's site and social records have vanished, alongside the white paper portraying SQUID. Also, the cost has tumbled from $38.27 close to 12 PM ET on Sunday to $0.0030 as of 9:30 a.m. ET, as per CoinMarketCap.

CoinMarketCap had cautioned likely merchants since the start about the crypto, encouraging individuals to do due tirelessness and exercise alert while exchanging. Numerous merchants said they couldn't sell their Squid game property, which was another warning.

Indeed, even with the breakdown, the symbolic still has a (self-announced) market cap of more than $2 million.