📰 Yello Paradisers!
Hold onto your seats; we’ve got some turbulent news about GALA, the utility token of Gala Games. The token has taken a nosedive, losing a staggering 98% of its value over the last 18 months.
📰 What’s Eating GALA?
Well, it’s not just the bearish market that’s to blame. The company’s internal strife has also played a significant role. CEO Eric Schiermeyer and Co-Founder Wright Thurston are in a legal tangle, accusing each other of misappropriating funds.
📰 The Numbers Don’t Lie
At its peak, GALA was trading at $0.825. Now, it’s barely clinging to life at $0.01623. That’s a long fall from grace, folks.
📰 Investor Sentiment
While bear markets are usually a good time to accumulate tokens, the internal chaos within Gala Games is making investors think twice. Trust issues and lack of transparency are major red flags.
📰 Market Snapshot
Despite its woes, GALA has seen a 148% uptick in trade volume in the last 24 hours. However, it’s also lost 4.41% of its price in the same period. The market cap? A dwindling $846 million.
📰 Final Thoughts
GALA’s future looks uncertain with internal disputes and a bearish market. It’s a cautionary tale for investors to always do their due diligence. We’ll keep an eye on this unfolding drama for you.
🌴 ParadiseTeam 📰
