Squid Game which is a tournament of adults playing children’s games in the hopes of winning a big cash prize has becomes worldwide sensation. It has its very own brand of cryptocurrency that has launched with a huge price run-up.
SQUID is currently trading at $2.22 and is up nearly 2,400% over the last 24 hours, and the market capitalization is above $174 million.
However, those interested must be cautious before jumping into trading squid. The CoinMarketCap has issued a warning, stated that it has received multiple reports that users are unable to sell this token on Pancakeswap, which is a popular decentralized exchange. It is unclear why some users are unable to sell their tokens, but the white paper describing the coin does lay out an anti-dumping technology that prevents people from selling their coins if certain conditions are not met.
The squid token was launched as the exclusive coin of the Squid Game project a crypto play to earn platform. The online tournament, which launches in November, mimics the six rounds of games featured in its namesake TV show.
