Gala Games (GALA) deleted the tweet announcing its partnership with famous actor Dwayne Johnson. With this news, the metaverse coin, which has gained more than 50% in value recently, is melting into double digits after the development.
Metaverse coin project crashes while deleting partnership tweet with Dwayne Johnson
GALA is down nearly 8% today after previously blasting over 70% on news of a partnership with Dwayne ‘The Rock’ Johnson and Mark Wahlberg. Earlier, Monday’s tweet that the company was working with Dwayne Johnson and Mark Wahlberg pushed the GALA up over 70% to nearly $5, the highest since Sept. 13. Gala Games deleted the tweet without any explanation and the token is now trading around $0.037. It lost more than 20% at one point during the day.
In the announcement, which raised the premiere price by over 70% just two ago, it was clear that two films were being worked on with Dwayne Johnson and Mark Wahlberg:
As you read this, we are developing two films with Rock (aka Dwayne Johnson) and Mark Wahlberg! Two absolutely huge forces in the entertainment industry. You’ve seen their work on screen, but I think according to an image whose existence has been posted on Discord, be even stronger off-screen and we’re so glad we got a chance to work with them.
The tweet says that as part of the partnership, users in the Gala ecosystem will be able to scan a QR code to purchase movie tickets for The Rock’s movies and earn digital rewards on Netflix. But Gala recently deleted this tweet, causing death for its token.
Also, the company’s silence draws the ire of the crypto community and investors on Twitter. Several users questioned the authenticity of the initial announcement. Some were waiting for the right time to open a short position.
Short $GALA ???
This big tweat deleted by Twiter #GALA
FIlm with big star artist Just gimic^^ #GALAUSDT #Crypto #cryptocurrency https://t.co/o6cE1uhY8v pic.twitter.com/hqG4VQBG46— PenPenTwo (@PenPenTwo) January 9, 2023
GALA still leads the gaming market
Despite the pullback, GALA is still over 130% during the month, leading the rally among gaming projects. The value of Ethereum-based virtual reality gaming platform Sandbox (SAND) increased by 30%, while Decentraland (MANA) gained 22% in the same period. Other notable gaming tokens with double-digit earnings are Axie Inifinity AXS, Yield Guild Games YGG, and Illuvium ILV. cryptocoin.comAs you follow, Illuvium recently introduced its new game.
GALA’s performance is noteworthy considering its triple-digit rally eclipsed the 80% increase in LDO, the token of liquid staking giant Lido Finance. LDO topped the list of top-performing cryptocurrencies with a market cap of over $1 billion. Market giants Bitcoin and Ethereum posted meager gains of 5% and 11%.
