- By Tanya Garg
- Mon, 06 Jan 2025 10:12 AM (IST)
- Source:JND
Squid Game Season 3 Fan Theories: Released on December 26, 2024, the eagerly anticipated third season of Squid Game left viewers hanging. It appears that the games will go on, requiring Gi-hun and the other survivors to take part once more. An enigmatic mid-credit scene heightens the suspense by hinting at additional surprises for the audience.
In the meantime, fans have begun speculating about what to anticipate from Squid Game season 3 after examining trends and making connections:
Gi-Hun's attempt to stop the deadly game fails miserably in the final chapter 2 episode, resulting in his classmates' deaths. He had to start over since Gi-Hun was betrayed by player 001, the front man, at the end. According to the reports, the third season will resume exactly where the last one left off, with Gi-Hun perhaps having to play the other players.

Squid Game season 2 behind the scenes (Image: X)
In a shocking twist, the captain is revealed to be a mole in season 2, episode 7. He's been sabotaging the investigation, even killing a mercenary and dismantling a drone. But here's the kicker—he's not just a mole, he's the one in charge of the Squid Game operation. His rescue of Detective Hwang Jun Ho may have been just a ploy to keep the police at bay.
Fans theorise that the Frontman might share a backstory similar to Gi-hun's. Perhaps he once won the game and initially returned with the intent to shut it down. However, unable to stop the game, he may have chose the 'lesser evil' approach, stepping into the role of Frontman to ensure the competition remains fair and free of manipulation.
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Netflix series Squid Games season 2 behind the scene (Image: X)
Another group of fans believes that after Gi-hun returns to the lobby in Squid Games season 3, he may wind up being villainized rather than defended. The idea that he may have betrayed the other participants may be strengthened if he were the sole competitor to receive preferential treatment while his closest pals died.
Check Squid Game 3 Fan Theories
My Squid Game theory is that we are actually watching a villain origin story. Gi-hun is being broken and groomed to become the next front man, or something similar. Also, I called that dang boat captain from his first appearance. pic.twitter.com/XBkZiZUqUZ
— Raina Mermaid- member of IlluMERnauti (@HFXMermaid) January 4, 2025
My Squid Game theory is that we are actually watching a villain origin story. Gi-hun is being broken and groomed to become the next front man, or something similar. Also, I called that dang boat captain from his first appearance. pic.twitter.com/XBkZiZUqUZ
— Raina Mermaid- member of IlluMERnauti (@HFXMermaid) January 4, 2025
Ok, so...since we didn't really get to see #Thanos get taken away in those black coffin boxes w/ the 🎀 in #SquidGame2 How about 🪡 stitching him up and have him return in SG3 as one of those 🔳 suit staff & he'll get his revenge on Player 333 aka MG Coin for forking him? 😈😅 pic.twitter.com/IsYiStQbqf
— 💛 BIGBANG 👑 Forever 5 💛 (@lazyme2day) December 31, 2024
My squid game theories pic.twitter.com/yuCkv4BYh2
— TSO (@TH3LIVINGL3G3ND) December 30, 2024
in the honor of the theories here’s something more to feed your delusions, squid game taehyung 🔥pic.twitter.com/eyahKTutf8
— roy⁷⭒bts year🪻 (@ZER06ON3) January 3, 2025
Squid Game Season 3 Theory
— Hall Of X (@Hallof_X) December 31, 2024
My theory in season 3 is that Gi-Hun will somehow manage to kill the Frontman and will now disguise as the new pretend Frontman. I think that he will take the role of the Frontman and manage the game but also planning to end the game in some other way… pic.twitter.com/jNpytCJpUV
The director saying Thanos presence can still be felt on Season 3 then I see this theory???? lmao If it's true, that's a huge easter egg#SquidGame2📷 #TTTOP #CHOISEUNGHYUN #탑 #최승현 pic.twitter.com/S6J6fFN3M8
— REECE • PLAYER 230 😈 (@MCRmy_Echelon09) January 4, 2025
In Squid Game season 2, actor Lee Jung-jae played Seong Gi-hun again, and Lee Byung-hun made a comeback as The Frontman, who is also Player No. 001. Wi Ha-jun made a comeback as Hwang Jun-Ho, the police officer. Yim Si-wan, Kang Ha-neul, Park Sung-hoon, Lee Seo-hwan, Jo Yuri, Choi Seung-hyun, and others make up the second season's new cast.
As per media reports, viewers will have to wait till June 26, 2025 for the third season of Squid Games to arrive, which has given them a lot of time to build up theories and predictions of what will happen in the final season.
