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Before the Release of ‘Squid Game’ Season 3: Viewers Figured Out Who Player 100 Is

Still from the series 'Squid Game'

This theory definitely has a right to exist.

In the second season of Squid Game, viewers were introduced to new characters, but many details were left behind the scenes. One of the most mysterious figures was Player 100, who constantly pushed for the continuation of the games. His age, manner of speaking, and knowledge of the game mechanics made viewers wonder: what if he wasn’t just a participant, but once a VIP guest?

Who is Player 100 in Season 2 of Squid Game?

In season 2, Player 100 serves as the antagonist. He actively persuades participants to stay in the deadly competition, convincing them that there is no other way out. His confidence, experience, and understanding of player psychology seem far too natural, almost as if he has witnessed this process multiple times before.

stll from the Squid Game

One theory suggests that he could have been a VIP guest in the past—someone who enjoyed the bloody spectacle from a safe distance. However, something went wrong, he lost his wealth, and found himself on the other side, now fighting for survival in the game he once admired.

This theory explains several important details:

  • Age and experience – Player 100 is clearly older than most of the participants but maintains a cool-headed, strategic mindset. He knows how to manipulate people and convince them to continue playing.
  • Knowledge of the system – He acts as though he understands how the game works, even though this is his first time as a player.
  • Former wealth – His debts are enormous, but he may have once had a much larger fortune before losing it all.

still from the Squid Game

But if VIPs are invincible, how could one of them end up in the game?

In season 1, VIPs are depicted as untouchable figures, enjoying the spectacle without any risk to themselves. However, if the theory that one of them has now become a victim of the system is true, it would radically change our understanding of their role. In fact, it would suggest that no one is safe. Having lost their wealth, a former VIP might end up in the very same situation they once watched from a distance. This would intensify the social satire of Squid Game, showing that even the elite can be brought down and turned into pawns.

The Weakness of the Theory

The main flaw of the hypothesis is Player 100’s debt. According to his backstory, he owes 10 billion won (about 7 million dollars). While this is a significant amount, it doesn’t compare to the wealth of the VIPs, who are presumably among the richest people on the planet. If he truly was a VIP, his downfall should have been more monumental. Perhaps he lost not just money, but his reputation, which made him a participant in the game.

What Will Season 3 of Squid Game Reveal?

For now, this theory remains just a speculation, but Player 100 is still alive, meaning his story is far from over. It’s likely that in the next season, viewers will learn more about his past and motivations. Will he simply be a cunning older man, or will his connection to the VIPs be confirmed? This remains one of the biggest questions for the upcoming season.

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