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SQUID Token Collapses as Developers 'Overwhelmed with Stress'
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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.
The collapse in price comes as the token’s website, Twitter and Medium accounts have all become unavailable, with Twitter citing “unusual activity” as its reason for restricting the account.
On the project’s Telegram channel, which does not support two-way communication,
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