Kriti Mehrotra
Since Netflix’s ‘Squid Game’ is back again with season 2 with quite literally a bang, we get a much more intense look into the dystopian world we were first introduced to back in 2021. This time around, though, there is an eclectic mix of old and new faces alike, especially as former winner Seong Gi-hun (Player 456) sets out against the organizers of the survival competition to shut it down for good. However, he ends up participating in it once more, right along with former cryptocurrency influencer Lee Myung-gi (Player 333), who has his own debts and personal issues to worry about.
MG Coin is Not a Real YouTube Influencer Channel
While some fans have established accounts with different variations of the username MG Coin since ‘Squid Game’ season 2 first premiered on December 26, 2024, the channel as described on the show doesn’t and has never existed. The truth is, it was just mentioned in the show to give Lee Myung-gi a proper background as a cryptocurrency and financial influencer whose advice had led to disaster for not just his followers but also himself. In fact, after the particular cryptocurrency he had advised his followers to invest in tanks, the hopeful investors suffered over ₩15 billion in losses, and he himself fell into a debt of ₩1.8 billion.
The fact that Myung-gi’s then-girlfriend Kim Jun-hee (Player 222) was pregnant at the time didn’t help matters for him either, and he ended up essentially abandoning everything. The couple had apparently spoken of getting an abortion, but she didn’t follow through after he started ignoring her because she did want to be a mother and raise her child. So, she decided to do it all on her own. It turns out the influencer and his ex hadn’t even spoken to one another in 6 months after he ghosted her, only for them to then suddenly meet in the Squid Game arena, where he tried to explain his situation. He states that he had to go underground for his safety because people were out to get him, which is why he even abandoned his YouTube channel. A channel that was likely named MG Coin as a way to pay homage to his name, Myung-gi, and his interest in the financial market.
Lee Myung-gi’s Suggested Dalmation Didn’t Exist Before Late 2024
The cryptocurrency Myung-gi had asked his followers to invest in if they wished to make the most of their savings was called Dalmation, which he believed could be the answer to all financial freedom. He had apparently indicated this with utter confidence, so most of his followers ended up putting everything they had into it. Little did anybody know that Dalmation would briefly rise before sinking in a way no one could have ever imagined, resulting in unparalleled losses. Therefore, despite his disclaimer of him asserting that he is only an advisor and that he is not forcing anyone to do anything, he ends up being blamed for all losses.
That’s why Myung-gi essentially went into hiding, only to come out to play Squid Game in the hopes of starting over as he had found new ways to invest and earn. However, he changes for the better in the arena thanks to the events that transpire and the presence of his ex as well as their unborn child – he makes efforts to do better. Yet, none of this negates the fact that in the outside world, he is wanted for criminal charges. These counts include fraud and violation of telecom as well as financial investment laws. What’s even more imperative to note is that, just like with his channel, a cryptocurrency by the name of Dalmation has been established since the show’s launch, with its value as of writing being $0.009737.
Read More: Does Jung-bae Die in Squid Game? Why Does the Front Man Kill Player 390?
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