Squid Game Token (SQUID): tokenomics, risks and score
A 2021 token that used an unauthorised television brand and contained code preventing most holders from ever selling. Its creators withdrew the liquidity and disappeared.
What Squid Game Token is, and what it does
This asset has failed. It is recorded here so that a search returns what actually happened rather than promotional material that is still online.
What the SQUID token itself does: The contract included an anti dumping mechanism that in practice blocked ordinary holders from selling at all, while the deployers retained the ability to remove liquidity.
Where it runs: BNB Chain. Mechanism: BEP-20 token with a transfer restriction. It has been running since 2021, so roughly 5 years.
The facts
- TICKER
- SQUID
- SECTOR
- Failed and defunct
- CHAIN
- BNB Chain
- LAUNCHED
- 2021, so around 5 years of operating history
- MECHANISM
- BEP-20 token with a transfer restriction
- MAXIMUM SUPPLY
- Not meaningfully documented
- VALUE CAPTURE
- None
- UPGRADE CONTROL
- Single key
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. The token captures no protocol revenue. Any value rests on governance rights, speculation, or future changes that have not happened yet.
The contract included an anti dumping mechanism that in practice blocked ordinary holders from selling at all, while the deployers retained the ability to remove liquidity.
A single key controls the contract. Whoever holds it can change the rules or move funds. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- None. This was a honeypot scam.
- The contract prevented ordinary holders from selling
- Anonymous creators removed liquidity and disappeared
- Used a major television brand without any authorisation
- Every red flag was publicly visible in the contract before the collapse
Incident history
The creators removed all liquidity and disappeared with roughly 3.3 million dollars. The price fell to effectively zero within minutes while most holders had been unable to sell at any point.
Our read
The main risk
This was an outright scam. It is recorded so people searching the name find the truth.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.