SquidGrow (SQGROW) Price Dips 18% From Its September High, Mimicking Broader Crypto Market Downtrend

The SquidGrow meme coin, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum (ETH) network, fell sharply to lows of $0.025.

The price of SquidGrow has decreased by 18% since reaching a new high on September 15, with the 24-hour price remaining just above $0.028.

The meme coin SquidGrow, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum (ETH) network, dropped sharply to lows of $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 Sept. 15.

While SquidGrow’s price remained in the red over the past 24 hours at the last check, it signals a potential upside with a retest of $0.028.

Can SquidGrow price follow top coins?

The meme coin SquidGrow was launched in June 2022 by Shiba Inu (SHIB) whale Shibtoshi. It’s a meme coin that the community now claims is a utility-driven project that blends meme culture with diverse revenue streams.

SquidGrow’s price dip followed action across the crypto market, mainly as negative sentiment kept Bitcoin (BTC) below $58,000. However, as top coins surged ahead of the Federal Reserve’s projected 25 basis points interest rate cut, SQGROW’s price failed to rise similarly.

The pressure comes as SquidGrow rose sharply following its successful migration to the Ethereum chain.

However, in one notable development, crypto trading platform LBank announced the delisting of SQUIDGROW. LBank notified users that it will not support SQGROW deposits and trading, with users being asked to begin withdrawing assets on Sept. 15.