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Turks’ Favorite Altcoin Project Crashed: Massive Selloff Seven!

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The cryptocurrency market has gone green today. The crypto leader Bitcoin (BTC) has reached the threshold of 20 thousand dollars. However, the elimination continues in the market. Today, another altcoin project received a red card in the market. The price of the Gari Network (GARI) altcoin project, in which Turkish investors invest heavily, has plummeted.

The price of a Turkish-favorite altcoin has plummeted

cryptocurrency.comAs you follow, defoliation continues in the cryptocurrency money market. Today’s name registered 96% of the value of an altcoin project, one of the flagship choices of Turkish investors. Gari Network (GARI), although slightly higher thereafter, was down 82.19% at press time, lowering its price from $ 0.7628 to $ 0.1339. However, it seems very difficult to resist at these levels.

Altcoin

Gari Network says no attack

Meanwhile, a statement has come from the altcoin project. Gari Network released the following statement on his Twitter account:

No token-side attacks were detected on the GARI network after a thorough evaluation. We are announcing that so far this appears to be a market event. We assure our community that all tokens are safe in their respective reserves. We are in constant contact with the exchanges and evaluate the situation. We humbly ask all members of the community not to panic. We will keep everyone informed of further developments.

Altcoin

What is the Gari network (GARI)?

Gari Network is the native social token of Chingari, India’s largest short video social media platform. GARI is a standard spl token built on Solana Blockchain. Meanwhile, the Chingari app has over 100 million downloads with over 30 million monthly active users. The GARI token has several in-app utilities. It is also the governance token of the Gari DAO.

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