SQUID was worth $0.01 on Tuesday and raced above $3 on Friday. This means that taking part in the online game could be difficult.
A play-to-earn token inspired by the hit Netflix show Squid Game has experienced a dizzying rise since launching earlier this week.
The token will allow players to take part in six online games, all with the goal of winning prize money. According to the project's whitepaper, an added bonus lies in how it's "without any deadly consequences."
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Unfortunately, the token's rally may mean that playing the game itself may be unaffordable for many.
Worse still, the entry fee gets increasingly more expensive for each of the five rounds that follow.
To compound the problem, CoinMarketCap has received multiple reports that users have been struggling to sell this token on PancakeSwap — meaning it's important to exercise caution when trading.