SQUID, a cryptocurrency token created based on the popular Netflix Korean-language series Squid Games, has seen its value rise by over 200% within the last 24 hours touching to as high as $4.32. But users are now reporting they are having trouble selling, leading some to speculate whether there is reason to be concerned.
$SQUID leverages on Squid Game’s popularity
As a newly launched token, its unexplainable price growth places it amongst other meme crypto assets like Shiba Inu and Dogecoin whose prices tend to surge based on their growing popularity in the market.
The SQUID token is going to be the entry digital asset into the Squid Game’s play-to-earn online tournament that is expected to begin later this month where holders of the coin would be able to participate in six rounds of the game featured in the Netflix series.
Participants in the virtual version of the series could win an uncapped amount of grand prize and their numbers would also be unlimited, unlike the movie which
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