🌚➡️💀 MOON TO DEAD COIN | Project Review 19: $GALA
Do you know? 👀
#GALA (Gala Games) did 100,000%+ from launch to a $0.84 ATH… then its two CO-FOUNDERS sued EACH OTHER over hundreds of millions in tokens, and a hacker minted 5 BILLION more out of thin air. Today: -99.7%. 😳
The Setup:
▶️ Launched Sept 2020 at fractions of a cent, the flagship "play-to-earn" GameFi platform
▶️ Rode the SAME P2E mania as Axie ($AXS) through 2021
▶️ Sold "Founder's Nodes" to retail for thousands of dollars each
▶️ Max supply: 50 BILLION tokens, 47B+ already circulating today
Here's the Wild Part 👇
$GALA ATH: ~$0.84 (Nov 2021), over 100,000% from launch. People made life-changing money on paper.
Then it got UGLY:
→ 2021: 8.65 BILLION GALA ($130M) allegedly stolen
→ 2023: Co-founders Eric Schiermeyer & Wright Thurston SUE EACH OTHER in federal court
→ Schiermeyer accused Thurston of illegally acquiring & dumping 8.6B tokens
→ Thurston counter-sued, alleging Schiermeyer enriched himself
→ Panic selling gutted the price
→ May 202
