SQUID launched on BSC in late October 2021, capitalizing on the Squid Game Netflix hype. The token's smart contract contained a 'Marbles' anti-dump mechanism that prevented anyone except the deployer from selling. The price rocketed from $0.01 to $2,862 in days. On November 1, 2021, the developers drained the liquidity pool and vanished, crashing the price to near zero. Investors lost approximately $3.4 million. The contract's honeypot function was detectable through static bytecode analysis — exactly the type of vulnerability GoldenBit.ai's Smart Contract Audit pillar flags automatically.
Anti-sell mechanism embedded in smart contract — holders could buy but not sell
Anonymous development team with no verifiable identities
No smart contract audit from any recognized firm
Artificially restricted selling created false scarcity and price inflation
Website and social media accounts disappeared after the rug pull
Honeypot detected: anti-sell function restricts transfers to deployer-only
100% of liquidity controlled by deployer wallet, no lock
Fully anonymous team, no GitHub activity, no LinkedIn profiles
Single-sided liquidity with no DEX lock mechanism
Viral hype driven by Netflix association, bot amplification detected
No KYC, no legal entity, multiple jurisdiction red flags
The sliders below are pre-set to Squid Game's actual risk profile. Drag them to explore how different pillar scores affect the composite risk score.
EVM bytecode analysis, honeypot detection, proxy risks
Supply distribution, vesting, liquidity locks
Identity verification, GitHub activity, track record
DEX depth, wash trading, order book health
NLP social scoring, bot detection, FOMO signals
OFAC screening, AML flags, MiCA compliance
Always verify that a token's smart contract allows selling — not just buying. Honeypot detection tools like GoldenBit.ai's scanner can identify anti-sell mechanisms in seconds.
Be wary of tokens that capitalize on trending pop culture events. Scammers exploit viral moments to create urgency and FOMO.
Check if the development team has verifiable identities. Anonymous teams with no GitHub or LinkedIn presence are a major red flag.
Never invest in a token without an independent smart contract audit from a recognized firm like CertiK, Trail of Bits, or OpenZeppelin.
Worried about a token with similar characteristics to Squid Game? Scan it instantly with GoldenBit.ai's 6-Pillar AI Risk Engine.
SCAN A TOKEN NOWSIMILAR TOKENS TO WATCH
Similar anti-sell tax mechanism on BSC
Celebrity-hyped token with restricted selling
Influencer-promoted token with honeypot characteristics
$60M · October 2021
AnubisDAO raised 13,556 ETH (~$60M) in a token sale, then the entire treasury was drained to a single wallet within 20 hours. No product was ever built.
$31M · March 2021
Meerkat Finance drained $31M from its vaults just one day after launch. The deployer used a hidden proxy upgrade function to modify the smart contract and withdraw all deposited funds.