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Squid Game Is Memecoin Warning With Wipeout After 230,000% Gain

  • Dogecoin, Shiba Inu have soared this year but losses occur too
  • ‘Hot ball of money,’ other forces fuel speculative frenzy
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Netflix's 'Squid Game' Enters the Metaverse

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Investors drawn to cryptocurrencies can be forgiven for having an expectation of high returns, especially lately. After all, even as the S&P 500 Index more than doubled in the past five years, Bitcoin rocketed more than 80-fold -- albeit with much of the rally occurring in the past year. “Memecoins” such as Dogecoin and Shiba Inu have also surged, often for no particular reason.