SquidPet is a portal offering various utilities including token staking, LP farming and potentially P2E games, NFT collections, minting, and a marketplace. It aims to address past issues of scams and rug pulls in the crypto meme space, focusing on community support and transparency. Related projects include Squid World Presale and squid2.0 fairlaunch, both aiming to revitalize the Squid ecosystem after previous challenges with the original SQUID token. The project provides links to its website and Telegram channels for further engagement.