Squid Game cryptocurrency is trading at $2.22, having skyrocketed 2400% in the last 24 hours to a market capitalization of $174 million, according to CNBC.

  • The token was launched for Squid Game Project, which simulates games from Netflix’s blockbuster film, Squid Game.
  • Squid Game token began its pre-sale on October 20 and sold out in a second. The Squid Game Project begins in November.
  • Some users are reportedly complaining that they are unable to sell the token on PancakeSwap decentralized exchange.
  • The Squid Game Project requires participants to pay in Squid tokens to play the game. Participating in the tournament’s final game will cost $15,000 or $33,450 plus the purchase of an NFT. 

Squid Game developers and reward pools get 10% and 90% of the entry fees paid by participants. The platform also has marble pools that offer token rewards for staking.