Today, an announcement by DWF Labs had a significant impact on GALA, which was involved in a 200 million token hack yesterday. Following this, an important statement about the future of the 200 million tokens emerged. According to the news that surfaced minutes ago, the 200 million tokens seized by the hacker have been returned to GALA.
GALA Token Developments
One day ago, GALA experienced a shock with the hacking of 200 million tokens, resulting in a drop of over 20%. Following this, DWF Labs made a significant move by purchasing 28.3 million GALA tokens, expressing support for the project. Just after this, another important development occurred. According to the statement, the tokens lost yesterday were recovered. Although not all details were shared, this was seen as a positive development, and GALA reacted to the news from DWF Labs once again in terms of price.
GALA Price Update
Following the series of positive news, a noticeable price recovery was observed in GALA. Although it has not returned to its previous low of $0.047, the price has risen to $0.04330 at the time of writing.
GALA’s market cap also increased during this period. Following a 17% rise, GALA’s market cap surpassed $1.55 billion, indicating a significant market cap increase beyond the price rise. Additionally, the incredible spike in 24-hour trading volume did not go unnoticed. Considering the hack incidents, DWF Labs’ purchases, and the return of funds from the hacker, GALA’s trading volume rose to $974 million after a 700% increase in the last 24 hours.
