Crypto developer platform Gitcoin has lost around $460,000 worth of Gitcoin (GTC) tokens after accidentally sending the funds to an unrecoverable contract address. The transfer was meant for a merchandise, memes, and marketing budget proposal but ended up in a GTC token contract instead. A total of 521,440 GTC tokens were lost, and efforts to recover the funds have been unsuccessful. In response, the Gitcoin team has shared plans to prevent such errors in the future and establish clearer accountability. The price of GTC has fallen 1.1% in the past 24 hours and is down 99% since its May 2021 all-time high.