After the SQUID token pull in 2021, many people thought that no one would dare approach the meme coin related to the Korean drama Squid Game. That doesn’t seem to be the case, however, as a new token inspired by it is rapidly rising to the top of the charts.
Baby squid game Token 500% increase in one day
Baby Squid Game (BSG) hit the market in late 2021 and saw its price spike before diving into and staying in the red zone. However, at the time of writing, this Binance Smart Chain powered token has made it to the top of the list of Biggest Winners on CoinMarketCap, with a return of more than 500% in 24 hours. At the time of writing, the price is $ 0.0000007497.
We’re number 1 now at Coinmarketcap Top Gainers and we are likely to stay number 1 all day today!
Coinmarketcap Listing: https://t.co/a2mqXPoo6P
– Baby squid game (@babysquidgame) December 31, 2021
“We are currently number 1 in the Top Rise on CoinUnited States of AmericamarketOLDap and will probably be number 1 all day! “
This token should not be immediately viewed as a scam because of its name, Squid Game. Even the shortlist for the best performer on CoinMarketCap doesn’t automatically make it a good investment. Traders need to do their research before deciding to get in.
Check out the official BSG website, this domain was created last October. The age of the site can be an important factor in how much time has been invested in the project.
The source: Find Icann
It is important to note that the reported Baby Squid Game has been reviewed by TechRate. In the operating document of the token (red paper) it says:
“Baby Squid is a decentralized PvP gaming platform that enables players to monetize NFT in-game achievements and real money.”
However, the project’s social media intelligence is a different story. Game developer Robert Aponte’s only official listing channel is an Instagram account for another company that only has 3 posts at press time. Although Aponte to explain “Network has 6 million followers on Instagram”, but the listed Instagram account only has about 14.6k followers.
In addition, the YouTube channel recorded on the website only has 3 subscribers, while the official Twitter account has almost 9,000 followers. Social media stats can be of great help in showing the engagement of the token community.
At the time of writing, it was 6,605 address BSG tokens and 39,566. keep transaction until now. In addition, 59.6% of the total delivery of 1,000,000,000,000 BSG tokens will be burned Website officially.
Squid Game made headlines in the crypto world when the token of the same name was accused of carpet-drawing fraud that rocked thousands of users. BscScan too classify it’s “robbery”. One researcher estimates that the oligarchs escaped with millions of dollars.
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