SQUID investors can't sell their tokens after a 110,000% jump | DeFI News & Alerts

SQUID investors can't sell their tokens after a 110,000% jump

This week, the SQUID token rose more than 110,000% in less than a week, but reports of "investors" who were unable to sell their tokens after the astronomical rise began to appear all over the internet. This may not be the miracle everyone was hoping for.

Coinmarketcap has already posted a banner warning of the high risk of investing in the token.

The project promises a sort of crypto-adaptation of the Netflix series "The Squid Game," requiring contestants to participate in several games before they walk away with a solid cryptocurrency prize. Each player must pay about half a million dollars to take part in the game.

But some people simply invested in the token for speculation without participating in the game, and apparently were unable to take home their winnings.