Gala

Coin

<ul class="news-points"> 
 <li>Utility token GALA has recorded a 98% decrease in its price in the past 18 months.</li> 
 <li>The market slowdown and internal turmoil within the company negatively affected the token’s price.</li> 
 <li>The token is exchanging hands at 0.0168, miles away from its all-time high of $0.825.</li> 
</ul> 
Utility token GALA has recorded a significant price drop in what has been a turbulent and prolonged crypto market slowdown. The token, which is the native <a href="https://coinedition.com/tag/gala-gala/">cryptocurrency of Gala Games</a>, saw a steeper decline after news of a growing rift between the company’s executives went public. 
Notably, GALA has lost 98% of its price in the past 18 months. Alongside macroeconomic factors, the prolonged bearish state of the market and consequent selloffs significantly affected the token’s price. 
As previously <a href="https://coinedition.com/gala-games-ceo-and-co-founder-file-lawsuits-against-each-other/">reported</a> by CoinEdition, Eric Schiermeyer, the Chief Executive Officer (CEO), and Wright Thurston, Co-Founder of Gala Games, filed lawsuits against each other. The two alleged misappropriation of funds against each other, with Thurston accusing Schiermeyer of wasting the company’s assets and “burning off” $600 million. 
Following the revelation, the token’s price, which was already hangi…
The post <a rel="nofollow" href="https://coinedition.com/gala-drops-98-in-18-months-amid-companys-internal-troubles/">GALA Drops 98% in 18 Months Amid Company’s Internal Troubles</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

GALA Drops 98% in 18 Months Amid Company’s Internal Troubles

Coin Edition

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