Netflix has just dropped the official trailer for Squid Game Season 3, and fans are already buzzing with excitement. The trailer is packed with clues, theories, and Easter eggs that hint at what’s to come in the final season of the survival thriller. Here’s a breakdown of the most important moments and what they could mean.
Gi-hun in a Coffin – But Still Alive?
The trailer opens with guards unveiling a black coffin. Inside is Seong Gi-hun (Player 456). But in the very next shot, he is seen alive. This has sparked theories that the Front Man may have spared him. Some fans even suggest that Gi-hun could become the next Front Man, which explains why his life was spared.
New Game: Red vs. Blue Ball Challenge
A giant gumball machine dispenses red and blue balls to players. A yellow, knife-shaped symbol appears in the background. Leaked sources say this hints at a dangerous new game—like laser tag, but with knives. The red ball makes you the attacker, while the blue makes you the target.
New and Returning VIPs
The VIPs return this season, but this time, there are female VIPs too. A theory from Season 2 suggests that some players may actually be VIPs in disguise, secretly manipulating the game from within.
A Deadly Maze and Countdown Timer
Gi-hun is seen trapped in a human maze with blood on the walls and a five-minute countdown ticking. The stakes in this round seem higher than ever before.
Old Players, New Alliances
Player 120, a former special forces soldier, is now on the blue team. She’s shown using hand-to-hand combat, possibly because blue team members don’t receive weapons. Meanwhile, Player 124 (red team) may face off against Player 333 (blue team). A tragic moment shows a mother and child duo split into opposing teams—only one is likely to survive.
Gi-hun’s Vote Could End the Game
Gi-hun appears handcuffed during a voting scene. His vote may be the key to ending the games, but the Front Man may try to stop him.
Boxes, Keys, and Hidden Messages
Red and blue teams receive mysterious boxes. One theory suggests the red box holds weapons, while the blue one contains a key. A hidden keyhole design on the gumball machine supports this idea.
Secret Rebellion from Within
Guard number 11 is seen escaping through a vent. This could link to Junho, the missing detective, who may have finally reached the island. A mysterious figure also appears, believed to be Player 246—last seen getting shot during the rebellion. A popular theory claims Guard 11 faked his death to save him.
Leaked photos show Player 246 disguised as a guard, hinting at a secret alliance between him, Guard 11, and Junho. One device in the trailer may be a GPS tracker to help them coordinate and take down the games from inside.
Fire, Loss, and One Final Cry
Guard 11 is also shown with a lighter, possibly planning to burn the game’s contestant records. Player 333 may kill Player 124. A maze scene shows another player marking their path. Player 149 breaks down crying—possibly after losing her son. With no vests in sight, the game may be over.
The trailer ends with a tearful Player 222 and the sound of a baby crying. This shocking final shot suggests she may have given birth during the games, and the child might now be involved.
Final Thoughts
Squid Game Season 3 is shaping up to be darker, deeper, and more emotional than ever. With powerful twists, returning characters, and a high-stakes mission to end the games, fans are in for a wild ride when it premieres on June 27, 2025, only on Netflix.
What do you think about these theories? Share your thoughts in the comments.