SQUID456 is a fairlaunch project with 456 contestants competing for $4.56 million, culminating in a winner reveal on December 6th, 2023. It features audited smart contracts, KYC and DOXX verification, no team tokens, contract renunciation, and no private sale. The project is gaining traction with top callers and KOL support, along with liquidity lockup and quick listings on Dextools, CoinMarketCap, and CoinGecko. Inspired by the original SQUID meme coin and created by the PeopleKing team known for a 400x project in 2022, it's aiming for significant growth with promotion on Twitter and WeChat.