At writing, SquidGrow has lost 18% off its September 15 high and trades just above the $0.028 mark. Migrated from Binance Smart Chain to a new Ethereum network contract just recently, the meme coin shed to lows of $0.025-an all-time low, which represents an 18% drop from its all-time high of $0.034.
That notwithstanding, it could still bounce, as SquidGrow attempts to rechallenge the $0.028 level.
Could SquidGrow Mirror Top Cryptos?
Launched in June 2022 by Shiba Inu whale Shibtoshi, the SquidGrow started off as a meme coin but was now community-driven and utility-focused, fusing meme culture with several ways of revenue creation.
This becomes the larger market trends, given how negative sentiment continues to keep Bitcoin below $58,000. Major coins were rallying in the countdown to the expected Federal Reserve rate cut of 25 basis points, but SquidGrow did not move in tandem.
This is after the digital asset’s value spiked following the successful migration to the Ethereum chain. Further, this had been in pressure in light of crypto trading platform LBank announcing SQUIDGROW was to be delisted. It wrote to users that support for SQGROW deposits and trading would not be supported on LBank any longer, asking that users withdraw their assets starting September 15.
