#altcoins #GALABTC The price of Gala coins recently experi

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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.

#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.