Season 2 of Netflix’s dystopian thriller ‘Squid Game’ ended with a nerve-racking cliffhanger that left fans worldwide hungry for more. Fortunately, the wait isn’t much longer as ‘Squid Game’ Season 3, the final chapter of the global phenomenon, is set to premiere on June 27, 2025.
With the recent release of its teaser trailer, fans are more excited than ever, and the internet is buzzing with theories and expectations. From cryptic wall clues to deep character connections, here are the top fan expectations for Season 3 that just might come true.
The teaser of 'Squid Game' has fans fixated on the mysterious wall drawings inside the dorms. Some show players suspended across triangular structures, possibly monkey bars, while another appears to depict a giant chessboard. A Latin phrase, ‘Hodie Mihi Cras Tibi’ (‘Today me, tomorrow you’), adds further fuel to the theory that death looms for all.
One Reddit theory suggests the game might be based on the Korean version of chess, Janggi, implying that nearly half the remaining players will die before this game even begins. Others believe the board is a metaphorical graveyard, with players slowly marching toward inevitable doom.
Season 2 introduced a mother-son duo, Jang Geum-Ja (Player 149) and Park Yong-Sik (Player 007) who entered the games unknowingly. In the teaser, a chilling moment shows them drawing different-coloured balls, followed by Geum-ja breaking down in tears. Fans fear this signals a devastating turn, and it’s likely that one of them will not make it to the end.
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Theories about player connections run deep, but one of the most compelling claims is that Oh Il-nam (Player 001) is the father of the Front Man and police officer Jun-ho. Several clues, like In-ho wearing the 001 jacket and the recurring milk motif tied to Il-nam’s lactose intolerance, have added weight to this theory. If true, season 3 could unveil a shocking family twist tying many threads together.
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Viewers have always speculated about hidden VIPs among the players, and this season, innocent Park Min-su has emerged as a likely suspect. His overly quiet demeanour and suspicious behaviour have led fans on Reddit to believe he could be playing for sport rather than survival, perhaps even as part of the VIP elite.
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Though Gi-hun has spent years trying to bring the ‘Squid Game’ to an end, some fans believe a darker twist awaits. Actor Lee Seo-hwan, who plays Jung-bae, hinted at a major shift in Gi-hun’s character. Given his transformation from a naive optimist to a brooding strategist, theories on Reddit suggests he could eventually become the very thing he vowed to destroy: the new Front Man.
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Whether these fan theories unfold as predicted or not, ‘Squid Game’ season 3 promises a gripping finale to a cultural phenomenon. With just weeks left until release, the countdown has begun, and fans are bracing themselves for what could be the most brutal and emotional season yet.
Mark your calendars: 'Squid Game' Season 3 streams on Netflix starting June 27, 2025.
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