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Investors looking for the next “Moon Shot” back up the SQUID cryptocurrency, which has grown by 600 percent.

The SQUID cryptocurrency, which was inspired by the famous Netflix comedy Squid Game, sparked fraud concerns earlier this week when its value plummeted by 99.99 percent and its website went offline. According to CoinMarketCap statistics released on Thursday, the trade value of this Squid coin has increased by 600 percent in the previous 24 hours. Despite an ongoing investigation into the possible "rug pull" case, the token is now trading at $0.09295 (approximately Rs. 6). For the time being, the unknown creator(s) of this coin is said to have vanished with about $3.3 million (roughly Rs. 22 crores).
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