Trump's memecoin gala attracted high profile investors and personalities, including former NBA star
Lamar Odom and TikTok influencers. But the event was marred by controversies, protests, criticism over lax security and poor quality food. Particularly, criticisms arose from the perception of the event being a pay-for-play setup. As a result, prices of the Trump meme coin dropped substantially post-event with many investors reportedly offloading their holdings.
In addition, lawmakers and political opponents, who view these activities as symbolic of 'crypto corruption', have requested the release of the list of gala dinner attendees and have called for an ethics probe into the event. These developments have spurred up both political and legal storms while weakening potential investor confidence in the coin. Democrats have even proposed a crypto ban for politicians.
Meanwhile, amidst this chaos, the
GALA coin showed resilience with its price rebounding due to rising buying pressure post a multi-month low. The future of the GALA coin appears strong with speculations that it is ready to survive even potential slumps in GameFi. The Coin's prospects up to 2025 and even 2030 appear positive.
GALA Coin News Analytics from Mon, 03 Feb 2025 08:00:00 GMT to Tue, 27 May 2025 15:00:26 GMT -
Rating -5
- Innovation 2
- Information 8
- Rumor -4
