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Player 100, Im Jeong-dae, quickly became one of the most disliked characters in Squid Game Season 2. His arrogance, obsession with money, and temper didn’t help his case. But according to a fan theory, there might be more to his story: he could secretly be one of the VIPs.
Why does this theory matter? If true, it could uncover hidden layers of manipulation in the game and shake up everything we know about the VIPs. Let’s break it down.
Player 100 embodies the qualities you’d expect from a VIP: he’s overconfident, self-centered, and always focused on financial gain. Throughout the season, he fights hard to keep the games going, hoping to win the prize money at all costs.
In Episode 5, during the Six-Legged Pentathlon, he boldly dismisses the idea of quitting the games. He tells others,
“What can we do with a mere 70 million won?”
This shows he’s used to dealing with enormous sums of money, much like the VIPs.
Player 100’s debt and lifestyle
Player 100 reveals he’s 10 billion won (around $7 million) in debt. That’s not a typical amount for someone struggling financially. It suggests he might belong to a wealthier class, possibly on the same level as the VIPs.
His knowledge of large sums and his comfort with high-stakes scenarios hint at a lifestyle that aligns with the VIPs, even if he’s currently in debt.
One theory is that Player 100, as a VIP, placed massive bets on the games but lost badly. Desperate to recover his losses, he decided to enter the competition himself.
Another idea is that he joined simply for the thrill. His confidence throughout the games suggests he might believe he’s immune to the dangers, possibly because he knows the system is rigged in his favor.
The post-credits scene in Squid Game Season 2 highlights Player 100, sparking further speculation about his importance. Why would the show give him such attention if he wasn’t central to the plot?
Many fans think the theory makes sense. Some argue that Player 100’s behavior and knowledge of money align perfectly with VIP traits. Others point out that his hairstyle matches that of a VIP from Season 1, fueling suspicions.
Not everyone is convinced. Some argue that being 10 billion won in debt disqualifies him as a VIP, who are typically much wealthier.
“He’s just a shady businessman, not a VIP,” one commenter said.
Others believe a VIP might be hiding among the players, but it’s not Player 100. One Reddit user speculated that Player 125 could be the real VIP, noting similarities between him and a VIP actor from Season 1.
The idea that a VIP could disguise themselves as a player adds a fascinating twist to the Squid Game universe. If true, it would expose the games’ deep corruption and the lengths the VIPs go to for entertainment.
If Player 100 is indeed a VIP, it would reveal a new level of manipulation in the games. It would also show just how far the VIPs’ influence reaches.
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For Gi-hun, this revelation could make his mission even more dangerous. He’s already up against a powerful system, but discovering VIPs among the players would add a whole new layer of complexity.
While the theory that Player 100 is secretly a VIP remains unconfirmed, it has sparked intense debate among fans. Whether true or not, it highlights the show’s ability to keep viewers guessing and questioning the motives of its characters.
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