.GoGalaGames deleted a tweet announcing a partnership with TheRock and markwahlberg, puncturing its native token GALA's meteoric rally. reports godbole17
Monday's tweet that the company was working with Dwayne"The Rock" Johnson and Mark Wahlberg helped lift GALA over 70% to $0.051, the highest since Sept. 13, CoinDesk data show. Gala Games deleted the tweet without any explanation, and the token is now more than 20% lower at $0.039.
The tweet added that under the partnership, users within the Gala ecosystem would be able to scan a QR code to buy movie tickets for Dwayne's movies and win digital prizes on Netflix.CoinDesk reached out to Gala Games on their official Twitter handle and awaited a response at press time. The funding rates in the perpetual futures market tied to the GALA token were profoundly negative early Wednesday, indicating a bearish bias in the market.
"Gala’s perp funding rate trades deeply negative, a sign that some traders expect prices to resume lower in the near future. If not, then we could see a lot of short covering as perp open interest has exploded," Markus Thielen, head of research and strategy at Matrixport, said.Despite the pullback, GALA is still up over 130% for the month, leading the rally among gaming tokens.
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