Gala Games' token, GALA, was the top gainer on Wednesday after the return of funds from a recent security incident and a proposal to burn them for the stability of the token. 📈
The team noticed a suspicious transfer of $200 million worth of GALA tokens, but after 45 minutes all tokens in the unauthorized wallet were frozen.
The organization proposed burning 4.4 billion GALA tokens, as well as 600 million from the central Gala treasury, to ensure the stability of the ecosystem.
According to CoinMarketCap, the price of GALA rose 20.6% to a peak of $0.04969.