Altcoin trading volumes in 24 hours increased by 60% to $ 5.8 million, but the Coinmarketcap service warned that SQUID holders were faced with the impossibility of selling the token
The SQUID token has risen in price by 3380% to $ 3.5 per day, and its trading volume increased by 60% to $ 5.8 million (data from Coinmarketcap).
Some holders of the SQUID token faced the inability to sell it on the PancakeSwap decentralized crypto exchange, the service warned.
The white paper of the Squid Game project says that the developers have provided an anti-dumping mechanism that prohibits investors from selling the coin under certain conditions.
SQUID is a token of the Squid Game project, which is based on the popular Netflix series Squid Game.
In November, the project will launch an online tournament, which will consist of six rounds, similar to the games in the series. The token sale started on October 20 and lasted “one second”, according to the white paper.
You must pay a certain sum of SQUID tokens to participate in the competition. Following the completion of the round, the cash will be split between the developers and the winner in amounts of 10% and 90%, respectively. To compete in the tournament’s final round, you must purchase an unique NFT token.