$GALA Gala/Usdt 💥
SHORT 👍

ENTRY MARKET PRICE ✅
STOP Loss 0.046

TAKE Profit 0.04450
2ND TAKE PROFIT 0.044

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$GALA
$GALA / BTC
As you could see, GALA is currently forming an ascending triangle with a double bottom bullish pattern, expecting to see a breakout soon, whales will start Pumping this like the good old days 🚀
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🚨🚨🚨 GALA HACK 🚨🚨😮‍💨
Web3 gaming platform Gala Games sees a 15% decline after losing over $200 million in potential revenue.

According to the blockchain explorer Etherscan, Gala Games, a web3 gaming company, appears to have fallen victim to an exploit on Monday, with someone minting 5 billion GALA tokens valued at about $206 million.

According to data from The Block's token price page, GALA, the platform's native token, fell over 15% after the incident, from $0.0467 at 3:00 p.m. ET (19:00 UTC) to $0.0397 at roughly 5:25 p.m. ET (21:25 UTC) on May 20.

The token's price decreased by 5.77% overall in the last day. With 40.6 billion shares in circulation, GALA retains a $1.7 billion market capitalization.
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#altcoins #GALABTC The price of Gala coins recently experienced a significant drop due to a couple of factors:

Suspected Large Transaction: There was a major transfer involving the minting of 5 billion Gala tokens, which were then sold on the decentralized exchange Uniswap. This unexpected activity led to fears of a potential hack and caused the price of GALA to fall sharply to $0.039, a 19% decrease from the day’s high1.
Internal Company Issues: The company has been facing internal troubles, including a legal battle between co-founders, which has negatively impacted the token’s value. Over the past 18 months, GALA’s price has dropped by 98%, significantly deviating from its all-time high2.
These events have contributed to the uncertainty and volatility in the price of Gala coins.

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#altcoins #ETHETFS #bitcoinhalving #GALABTC GALA coin price recently experienced a significant drop due to several factors:

Suspicious Transfer: An unknown party minted 5 billion GALA tokens and sold them on the decentralized exchange Uniswap. This transfer involved over $200 million worth of GALA tokens, which raised concerns among traders and led to fears of a potential hack12.

Lack of Communication: Gala Games representatives had not previously announced this activity, nor did they offer a quick explanation in the project’s Discord server. The lack of communication fueled fears that the mass minting and selling of tokens might be a security breach1.

As a result of these events, the price of GALA dropped significantly, sinking as low as $0.039, down 19% from the day’s high set just over an hour earlier1. It’s essential to keep an eye on further developments and official statements from Gala Games to understand the full impact o#this incident on the GALA token’s value.
Remember that cryptocurrency prices can be highly volatile, influenced by market sentiment, investor confidence, and external events. Always exercise caution and stay informed when investing in digital assets. 🚀📉

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💥 Coin : #GALABTC
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