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

Despite Netflix’s ‘Squid Game’ season 2 being back with a bang, fans who were hoping to find MG Coin on YouTube might be disappointed as the channel doesn’t exist. While some fans have created accounts with different variations of the username MG Coin since the show premiered on December 26, 2024, the channel as described on the show doesn’t and has never existed.

It was mentioned in the show to give Lee Myung-gi a proper backstory as a cryptocurrency and financial influencer whose advice had actually led to disaster for not just himself but also his followers. In fact, per the show, after the Dalmation cryptocurrency he had told his followers to invest in tanked, investors suffered over 15 billion won in losses, and he himself fell into a debt of 1.5 billion.

Myung-gi's then-girlfriend Kim Jun-hee, aka Player 222, was also pregnant at the time, which didn’t help matters for him. He ended up essentially abandoning her. They had apparently spoken of getting their child aborted, but she didn’t follow through after he started ignoring her because she did want to be a mother and raise her child all on her own.

It turns out the influencer and his ex hadn’t seen one another in 6 months after he ghosted her before they met in the Squid Game arena, where he tried to explain that he had to go underground for his own safety because people were out to get him. After all, he closed his channel in fear, too, a channel he had likely named MG Coin as a way to pay homage to his name, Myung-gi, and his interest in financial investment

Myung-gi's Suggested Dalmation Never Existed 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 claimed would be the answer to all their problems. He had actually said it with utter confidence, so many of his followers ended up investing everything they had into it. Little did he know this would briefly rise before sinking in a way he never even could have imagined, resulting in unimaginable losses.

Therefore, despite his disclaimer and his asserting that he is only an advisor and that he is not forcing anyone to do anything, he ended up being blamed for billions in losses.

That’s why Myung-gi essentially went into hiding, only to come to play Squid Games in the hopes of starting over as he had found new ways to invest and earn. However, he changed for the better in the arena thanks to the events that transpired, his ex and their child, so he made 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 premiere, with its value as of writing being $0.009737.