On Monday morning, the price of SQUID experienced a dramatic crash. The token fell by more than 100% in the space of just 5 minutes, dropping from $2856 to $0.0008. Many have questioned whether the drop is the biggest rug pull in crypto history.
The dramatic plunge follows a period of highs, in which the token looked promising to investors. Just yesterday, it was reported that Squid had increased by 45,000% and was trading at $4.5.