💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

GALA Tokens Rises 70% After Tweet Sent By Mistake Announces Dwayne Johnson Partnership

Published 14/01/2023, 15:21
© Reuters.  GALA Tokens Rises 70% After Tweet Sent By Mistake Announces Dwayne Johnson Partnership
GALA/USD
-

Benzinga - Gala Games (CRYPTO: GALA) posted and then quickly deleted a tweet declaring a partnership with former-WWE star turned actor, and recent “Black Adam” star, Dwayne “The Rock” Johnson, saying it was posted by mistake.

On Jan. 9, blockchain gaming platform Gala tweeted a big announcement regarding a project with Johnson.

The sudden deletion of the tweet seemed at odds with Gala’s obvious enthusiasm shown in their post, which read in part, “As usual, we are not f**king around! We’ve partnered with the Rock (aka Dwayne Johnson) and Mark Wahlberg! Two absolutely huge forces in the entertainment industry.”

They explained that Gala users would be able to use QR codes to purchase tickets and receive digital prizes from Netflix (NASDAQ:NFLX).

Also Read: Bitcoin Spikes Above $21,000: Is The Move Sustainable Or Just Speculative Mania?

The news created an immediate response from investors and GALA tokens gained around 70%, rising to around 5 cents, the highest price since September. Then the tweet was deleted without explanation or further reference, and the token dropped 20% to nearly 4 cents. The GALA token has increased to around 4.5 cents at the time of writing, according to CoinMarketCap.

The tweet explained that users within the Gala ecosystem would be able to scan a QR code to buy movie tickets for Johnson's movies and win digital prizes on Netflix.

Gala Games spoke to CoinDesk, and the company denied the correlation between the deleted announcement and movements in their token price.

Gala said, "The narrative around the increase in Gala token being linked to the 'announcement' of the Hollywood names is false."

The representative seemed to imply the news may just be delayed rather than canceled, stating, "Both The Rock’s company, Seven Bucks, and Mark’s company, Unrealistic Ideas, have contracts for films with Gala."

Further, Gala maintains that the announcement was posted on Twitter by mistake and was intended for a closed Discord group, not shared with the public. They maintain it was meant to be part of a larger conversation about what Gala Film was doing.

"Gala took the tweet down out of respect to all involved partners, but we look forward to sharing more about these projects in the near future."

Now Read: Elon Musk's Favorite Meme Crypto Finally Gets Twitter Price Index Support

Cover image: Source Wiki Commons Images, David Shankbone, “Dwayne Johnson at the 2009 Tribeca Film Festival.”

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.