PANews reported on December 30 that, according to foreign media reports, as "Squidward Games 2" was launched on Netflix on December 26, a series of cryptocurrency tokens with the same name quickly flooded into the market. CoinTelegraph and blockchain security company PeckShield warned that these tokens may involve fraud or "carpet pulling". PeckShield pointed out that one of the tokens issued on the Base network was centrally held by its distributor, and its price plummeted by 99% after listing. Similar tokens also appeared on the Solana network and may be manipulated by a small number of holders.

A similar token scam also occurred when "Squidward Games" premiered in 2021. At that time, the price of a token soared by more than 45,000%, but it was eventually confirmed to be a scam because it could not be traded. Investors need to be highly vigilant about crypto assets related to popular film and television works to avoid unnecessary losses.