SquidGrow crypto price down 18% as top coins seek gains

SquidGrow price is down 18% since hitting a new high on September 15, with the 24-hour price fluctuating just above $0.028.

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 losses saw the SQGROW token touch its all-time low, with the price down 18% from its peak of $0.034 on Sept. 15.

Although SquidGrow’s price remained negative over the past 24 hours at the time of writing, it signals a potential upside with a retest of $0.028.

Can SquidGrow price mirror top coins?

The meme coin SquidGrow launched in June 2022, introduced 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 largely mirrored 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 did not rise similarly.

The pressure remains after SquidGrow rose sharply following its successful migration to the Ethereum chain. 

A notable 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, with users urged to withdraw assets beginning Sept. 15