Close Menu
Ztoog
    What's Hot
    Technology

    The jury in Epic v. Google unanimously finds that Google has monopoly power in the Android app distribution markets and in the in-app billing services markets (Sean Hollister/The Verge)

    Mobile

    Fairphone is working on a cheap, widely available Android phone

    Technology

    Samsung’s 990 EVO SSD could support both PCIe 4.0 x4 and PCIe 5.0 x2

    Important Pages:
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    Ztoog
    • Home
    • The Future

      How I Turn Unstructured PDFs into Revenue-Ready Spreadsheets

      Is it the best tool for 2025?

      The clocks that helped define time from London’s Royal Observatory

      Summer Movies Are Here, and So Are the New Popcorn Buckets

      India-Pak conflict: Pak appoints ISI chief, appointment comes in backdrop of the Pahalgam attack

    • Technology

      Ensure Hard Work Is Recognized With These 3 Steps

      Cicada map 2025: Where will Brood XIV cicadas emerge this spring?

      Is Duolingo the face of an AI jobs crisis?

      The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (Ernest Scheyder/Reuters)

      The more Google kills Fitbit, the more I want a Fitbit Sense 3

    • Gadgets

      Maono Caster G1 Neo & PD200X Review: Budget Streaming Gear for Aspiring Creators

      Apple plans to split iPhone 18 launch into two phases in 2026

      Upgrade your desk to Starfleet status with this $95 USB-C hub

      37 Best Graduation Gift Ideas (2025): For College Grads

      Backblaze responds to claims of “sham accounting,” customer backups at risk

    • Mobile

      Samsung Galaxy S25 Edge promo materials leak

      What are people doing with those free T-Mobile lines? Way more than you’d expect

      Samsung doesn’t want budget Galaxy phones to use exclusive AI features

      COROS’s charging adapter is a neat solution to the smartwatch charging cable problem

      Fortnite said to return to the US iOS App Store next week following court verdict

    • Science

      Failed Soviet probe will soon crash to Earth – and we don’t know where

      Trump administration cuts off all future federal funding to Harvard

      Does kissing spread gluten? New research offers a clue.

      Why Balcony Solar Panels Haven’t Taken Off in the US

      ‘Dark photon’ theory of light aims to tear up a century of physics

    • AI

      How to build a better AI benchmark

      Q&A: A roadmap for revolutionizing health care through data-driven innovation | Ztoog

      This data set helps researchers spot harmful stereotypes in LLMs

      Making AI models more trustworthy for high-stakes settings | Ztoog

      The AI Hype Index: AI agent cyberattacks, racing robots, and musical models

    • Crypto

      ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

      Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

      eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

      Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

      Speak at Ztoog Disrupt 2025: Applications now open

    Ztoog
    Home » GALA Sinks 72% In 2023 Alone
    Crypto

    GALA Sinks 72% In 2023 Alone

    Facebook Twitter Pinterest WhatsApp
    GALA Sinks 72% In 2023 Alone
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    GALA, the native token of Gala Games, is underneath immense promoting stress as of early September 2023. Trackers present that the token is down 72% from 2023 peaks when it soared to $0.062 in late January 2023. From there, the token has been edging decrease, sinking to $0.017 at spot charges, unwinding over 95% of good points posted in early 2023. To illustrate, GALA is cents away from retesting all-time lows registered in late 2022 at round $0.016.

    GALA value on September 3 | Source: GALAUSDT on Binance, TradingView

    GALA Plunging

    The drawdown could possibly be pinned to the unfavorable market-wide bear market circumstances which have seen prime cash, together with Bitcoin and Ethereum, surge earlier than dumping, dragging altcoins even decrease. The slowdown throughout Bitcoin has been mirrored in GALA because the token edges decrease, reversing good points posted on August 29. 

    On this present day, Bitcoin rose after a US Court of Appeal dominated in favor of Grayscale, the issuer of GBTC. Even although the court docket didn’t direct the Securities and Exchange Commission (SEC) to transform GBTC belief to an exchange-traded fund (ETF), the decide didn’t present clear the explanation why they denied Grayscale’s request. BTC costs rallied as odds of the US approving a spot Bitcoin ETF rose, lifting altcoins, together with GALA. However, bears have efficiently peeled again losses, because the day by day chart exhibits.

    CEO Versus Co-Founder

    Beyond market elements, GALA could plunge to all-time lows primarily due to inner wrangles that would heap extra stress on the token that’s already struggling towards unrelenting bears. Court paperwork present that CEO Eric Schiermeyer and co-founder Wright Thurston filed lawsuits towards one another. 

    Filings present that Schiermeyer blames the co-founder for illegally acquiring and promoting $130 million of GALA. The CEO additionally claims the co-founder stole node licenses for working nodes inside the Gala sport ecosystem. He additionally cites Thurston’s historical past of founding corporations that always in chapter. The CEO desires the co-founder changed as director.

    The co-founder and his funding automobile, True North Investments, accuse the CEO of losing thousands and thousands of {dollars} in firm belongings and interesting in fraudulent practices that harmed the corporate. The co-founder claims the CEO misused thousands and thousands, together with $600 million of belongings, and lending thousands and thousands of {dollars} from Gala Games to himself. They additionally alleged that the CEO created entities in Switzerland and Dubai that, in actuality, ought to belong to Gala Games. The co-founder desires to kick out the CEO, who has held the workplace since 2021.

    Featured picture from Canva, chart from TradingView

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Crypto

    ‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000

    Crypto

    Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

    Crypto

    eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

    Crypto

    Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

    Crypto

    Speak at Ztoog Disrupt 2025: Applications now open

    Crypto

    CME Expands XRP Futures Trading for Crypto Investors

    Crypto

    Top Analyst Predicts Ethereum Could Ignite Bull Rally If Price Surpasses $2,330

    Crypto

    Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Top Posts
    Crypto

    US Mega Bank JPMorgan Predicts Harsh Drop In This Bitcoin Metric

    In a current research report from JPMorgan, the monetary agency has predicted a harsh drop…

    Gadgets

    Waymo and Uber Eats start human-less food deliveries in Phoenix

    Enlarge / A Waymo Jaguar I-Pace.Waymo Your subsequent food supply driver could also be a…

    Mobile

    The Galaxy S24’s Instant Slow-Mo is the most magical AI feature I’ve ever used

    For a couple of years, new smartphones would usually declare to have the greatest slow-motion…

    Science

    Finally, engineers have a clue that could help them save Voyager 1

    (*1*) Enlarge / Artist’s illustration of the Voyager 1 spacecraft.Caltech/NASA-JPL It’s been 4 months since…

    Crypto

    Where Are We In This Bitcoin Cycle? Galaxy Lead Expert Answers

    In a complete analysis shared through X (previously Twitter), Alex Thorn, the Head of Firmwide…

    Our Picks
    Crypto

    Silk Road BTC Valued at $300M Moved by US Government

    Gadgets

    Amazon Echo Pop Review (2023): Fun To Look At

    The Future

    What a long, strange year it’s been in enterprise tech news

    Categories
    • AI (1,482)
    • Crypto (1,744)
    • Gadgets (1,796)
    • Mobile (1,839)
    • Science (1,853)
    • Technology (1,789)
    • The Future (1,635)
    Most Popular
    The Future

    ‘Insect-eye’ compass can navigate by the sun even on a cloudy day

    AI

    Make Machine Learning Work for You

    Crypto

    Ethereum Fees Plunge 69% Following A Yearly High In May, What This Means For ETH

    Ztoog
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 Ztoog.

    Type above and press Enter to search. Press Esc to cancel.