- Migration to Ethereum and Price Drop
- Comparison with Top Cryptocurrencies
- Next Steps and Delisting
The price of SquidGrow dropped by 18% after reaching a new high on September 15, with the 24-hour price fluctuating just above $0.028. Despite the recent dip, there is potential for an upside.
Migration to Ethereum and Price Drop
The SquidGrow meme coin, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum network, fell sharply to $0.025. The losses saw the SQGROW token touch its all-time low, with the price down 18% from its peak of $0.034 on September 15.
Comparison with Top Cryptocurrencies
SquidGrow's price largely mirrored action across the crypto market, mainly as negative sentiment kept Bitcoin below $58,000. However, as top coins surged ahead of the Federal Reserve’s projected 25 basis points interest rate cut, SQGROW’s price did not follow suit.
Next Steps and Delisting
The pressure remains after SquidGrow rose sharply following its successful migration to the Ethereum chain. A significant development after the upgrade, however, is crypto trading platform LBank announcing the delisting of SQUIDGROW. LBank notified users that it will not support SQGROW deposits and trading, urging users to withdraw assets starting September 15.
Although SquidGrow's price showed a decline in recent days, the project continues to remain in the spotlight within the crypto community due to its migration to the Ethereum network and future plans.
