This means that investors who have held the token for more than two years are still in a loss even if they bought during the listing. The starting price on September 13, 2021, the price on January 13, 2023, and the current price are almost at the same level. Since reaching its peak of $0.82 in November 2021, the price of GALA has been steadily declining. According to rumors on social media, co-founder Wright represents the darker side of the story. However, Gala Games’ trading volume has failed to mirror the recent price hike. The price of Gala has been trading around the 0.01997858 region. Interestingly, the price of Gala Games (GALA) has soared since the launch. The lawsuit, which did not start abruptly, has a long history. The Gala crypto community wasted no time as they amassed several boxes to earn rewards. Its founders saw major problems with the way today’s leading game publishers demand that players continually spend to keep enjoying a game they love. Gala Games co-founders to lock horns in court crypto. However, major cryptocurrency exchange has decided not to support the transition. The legal battle between the project’s top executives adds further complexity to the situation. Gala Games - BEST Gaming Coin in 2023 Gala Games was created by industry-leading game developers who came together to bring value back to the players with the help of Web3 and blockchain tech. Gala Games, a Web3 gaming startup, is set to launch an upgraded GALA token on May 15 through an airdrop to existing token holders. In the challenging market conditions, GALA Coin has already suffered significant price depreciation. Hidden Gems Under 0. This incident may have serious long-term consequences. Gala Games in Legal Battle Over Alleged Misuse of Cryptocurrency Funds Coinpedia 03:52. Gala Games, one of the largest ecosystems in the web3 gaming industry, is now facing internal conflicts due to the lawsuits between its co-founders. On the other hand, Thurston accuses Schiermeyer of wasting millions of dollars in company assets and engaging in fraudulent practices that harm the company. Schiermeyer accuses Thurston of illegally obtaining and selling GALA tokens worth $130 million. As we delve into the details of the allegations, we may witness the token’s negative performance as the issue spreads and becomes more complex in the coming weeks. However, taking the matter to court and the mutual accusations can negatively impact the future of GALA Coin. Such management disputes are not uncommon in the world of cryptocurrencies. Gala Games (GALA) LawsuitĬEO of Gala Games, Eric Schiermeyer, and co-founder Wright Thurston have filed lawsuits against each other, accusing one another of various wrongdoings. In the latest incident, Gala Games, an altcoin that gained significant attention from Turkish investors, became the center of a bizarre controversy on the Binance exchange. The crypto market never ceases to surprise us with its unusual events.
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