Though there is no genetic link between the huge creatures of HIP 41181 and the now extinct squid once found on ancient Earth, the evolutionary similarities are remarkable. Perhaps they share some ancient space faring ancestor. There was much protest at the use of these animals as food. Claims of sentience still remain high on the agenda of those trying to stamp out the trade.
— In-Game Description
HIP Proto-Squid is a huge alien creature that has a strong resemblance to the now extinct squid from Earth. It's also a specific item of Foods in the galaxy of Elite Dangerous.
Rare goods increase in value the further you travel from their point of purchase.