Squid Game tied memecoins rally 5%+ after the show’s third and final season teaser

Source Cryptopolitan

A teaser for the third and final season of Netflix’s global hit Squid Game has triggered a short-term rally for memecoins associated with the series. One Squid Game-branded token (SQUID) has surged by over 5% hours after the trailer featured on YouTube late Monday.

Netflix confirmed that Squid Game Season 3 will premiere globally on June 27, 2025. Within 24 hours of the teaser’s release, the SQUID token jumped by 6%, reaching a trading price of $0.006102. 

Plot teaser reignites crypto interest

The new season will continue with the twisted survival competition story that made the series a global phenomenon. According to the official synopsis, the story resumes with protagonist Gi-hun, also known as Player 456, seeking to dismantle the deadly games from within. 

Haunted by the loss of his closest ally, Jung-bae (Player 390), Gi-hun could face off against the Front Man, who has reportedly infiltrated their resistance under the disguise of Player 001.

According to TradingView, the SQUID token price witnessed a 4.77% increase in the week building up to the teaser, but has shed over 64% of its value since the second season of the show was released.

The SQUID token is not officially affiliated with the streaming giant or the production team, but in the eyes of traders, it is closely tied to the show’s branding.

The Squid Game franchise continues to be one of Netflix’s best-performing shows. Season 2, which launched in December 2024, broke records within days of its debut to become the most viewed title during a premiere week. 

It also entered Netflix’s Most Popular Non-English TV list in just three days. The show currently holds the #2 position with 192.6 million views, second only to Season 1’s staggering 265.2 million. Season 2 has also climbed to become the third most-watched season on Netflix across all categories.

Beyond the core storyline, Netflix has announced plans to expand the Squid Game universe with additional media content. The mobile game Squid Game: Unleashed debuted last year, and reports have surfaced about a potential spin-off series directed by acclaimed filmmaker David Fincher, although Netflix has not confirmed production timelines.

SQUID indicators spell short-term price growth 

Technical analysis of SQUID shows a moderately bullish trend, although many indicators are neutral. Momentum-based metrics, such as the 10-day momentum reading of 0.000486 and the Moving Average Convergence Divergence (MACD) level at 0.000051, could give investors reason to buy the token. The Stochastic RSI Fast, at 59.495506, is on the higher end of the neutral spectrum.

SQUID/Tether price chart
SQUID/Tether price chart. Source: TradingView

Regulatory authorities and experienced analysts warn investors against such memecoins because they are susceptible to pump-and-dump cycles, especially when driven by media events.

Several Squid Game-related tokens have been launched since 2021, which mostly soared in the first few days and then nosedived in a matter of minutes. 

On December 27, a day after Squid Game Season 2 was released, blockchain security firm PeckShield told crypto investors about several scam tokens falsely linked to the show. The firm said unaffiliated Squid Game-themed tokens are “circulating in the wild.”

PeckShield identified at least one suspicious token on the Base network, noting that the wallet address responsible for deploying the token also holds the largest supply. Since its release, the token has plummeted by 99%, which is a price pattern seen in pump-and-dump schemes. 

An X user explained that the largest wallets holding the token were nearly identical, claiming that developers use this strategy to concentrate supply among a small group of insiders. 

“Yes, these are the top holders. Yes, they look all the same. No, that is not a coincidence. Don’t get rugged,” he remarked.

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Flashes Bullish Golden Cross – Is A Major Rally On The Horizon?Ethereum (ETH), the second-largest cryptocurrency by market cap, is up 9.9% over the past week. Recent analyses suggest the digital asset may continue its bullish momentum in the near-term. Ethereum
Author  NewsBTC
4 Month 25 Day Fri
Ethereum (ETH), the second-largest cryptocurrency by market cap, is up 9.9% over the past week. Recent analyses suggest the digital asset may continue its bullish momentum in the near-term. Ethereum
placeholder
Solana (SOL) Faces Continued Downside Risk—More Losses LikelySolana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148
Author  NewsBTC
9 hours ago
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148
placeholder
EUR/USD Price Forecast: Remains confined in a range around 1.1300 ahead of FOMC meetingThe EUR/USD pair reverses an Asian session tip to the 1.1280-1.1275 region on Tuesday and climbs a fresh daily high in the last hour, though it lacks strong follow-through buying.
Author  FXStreet
9 hours ago
The EUR/USD pair reverses an Asian session tip to the 1.1280-1.1275 region on Tuesday and climbs a fresh daily high in the last hour, though it lacks strong follow-through buying.
placeholder
Cardano Price Forecast: ADA builds bearish momentum amid on-chain weaknessCardano (ADA) price hovers around $0.650 at the time of writing on Tuesday after falling nearly 6% over the last two days. On-chain data supports the bearish thesis, as funding rates are negative and network activity is falling.
Author  FXStreet
9 hours ago
Cardano (ADA) price hovers around $0.650 at the time of writing on Tuesday after falling nearly 6% over the last two days. On-chain data supports the bearish thesis, as funding rates are negative and network activity is falling.
placeholder
XRP Price Dips Further: Key Support Levels In JeopardyXRP price started a downside correction below the $2.20 zone. The price is now declining and might extend losses toward the $2.020 level. XRP price started a fresh decline below the $2.20 zone. The
Author  NewsBTC
9 hours ago
XRP price started a downside correction below the $2.20 zone. The price is now declining and might extend losses toward the $2.020 level. XRP price started a fresh decline below the $2.20 zone. The
goTop
quote