SQUID crypto: What it is, why it failed, and what to watch instead

When you hear SQUID crypto, a meme-based cryptocurrency tied to the Squid Game TV series that collapsed in a massive rug pull. Also known as SQUID token, it was marketed as the next big DeFi opportunity—but turned out to be one of the most notorious crypto scams of 2021. It wasn’t just another meme coin like Dogecoin. It had a fake game, fake staking, and a team that vanished with over $3 million in investor funds. The whole thing was built on hype, not tech. People bought it because they saw the Squid Game logo, thought it was legit, and jumped in before the price doubled. Then, the liquidity pool was drained overnight. No warning. No explanation. Just silence.

What makes SQUID crypto stand out isn’t its technology—it’s how perfectly it exposed the dangers of chasing viral trends without checking the basics. It had no real use case, no audited smart contract, and no team you could verify. The creators even used fake YouTube influencers to promote it. This wasn’t a failed project—it was a designed exit scam. And it’s not alone. Projects like ZWZ, KCCPAD, and DeHero followed the same playbook: fake airdrops, fake utility, and a quick exit. The crypto space is full of these traps, especially when you’re looking for the next big thing. But the real opportunities? They don’t need TikTok ads. They have open-source code, transparent teams, and real users paying for the service, not just hoping for a price pump.

Today, if you’re still chasing SQUID-like coins, you’re playing Russian roulette with your wallet. The smart move is to look for tokens with actual utility—like ForTube (FOR), a cross-chain DeFi lending protocol with real usage and Chainlink integration, or PancakeSwap v4 LBAMM, a low-fee DEX built for meme coin traders with measurable efficiency gains. These aren’t flashy, but they’re built to last. The posts below show you exactly how to spot the difference between a real project and a scam. You’ll see what happened with other fake airdrops, how to check if a team is real, and which exchanges actually protect your funds. No fluff. No hype. Just the facts you need to avoid losing your crypto to the next SQUID.