A token known as SQUID, based on an alleged play-to-earn game named after Netflix’s drama series Squid Game, has crashed to near zero after a massive pump last week. Meanwhile, the team behind the token, which raised multiple red flags, is throwing in the towel, saying they are “depressed” and “overwhelmed with stress.”
At 16:00 UTC on Monday, SQUID was down by 99.99% per data from CoinMarketCap, trading at a price of USD 0.00317. The 24-hour trading volume surpassed USD 15m.... Read More: SQUID Token Collapses as Developers 'Overwhelmed with Stress'