PANews reported on April 1 that according to Cointelegraph, the NFT project Gutter Cat Gang (GCG) encountered difficulties in launching its GANG token on Apechain on March 31, which a third party attributed to "technical problems", but others pointed out that people were reportedly not interested in the token. Although GCG sales data has not been released, it did state in a Discord post on March 31 that no GANG tokens were distributed due to "technical problems" with third parties.
GCG’s chief architect “Yugen” wrote on GCG’s Discord channel: “The bad news is that due to contractual restrictions, we were unable to achieve 100% liquidity claiming on the first day, which made it impossible for participants to withdraw or deposit funds. We have been trying to fix the problem for at least an hour, but have not been successful. You will receive your GANG tokens, but not today. I will let you know with a new specific date and time.” Several X users claimed that GCG only raised 3.66 Ethereum from the GANG token community sale, worth about $6,800, far below its alleged $1 million goal. However, GCG has not yet confirmed or responded to these figures.
GCG was launched on June 8, 2021, initially as a collection of 3,000 unique NFT avatars. NFT Price Floor data shows that GCG's NFT floor price reached 8.5 Ethereum (worth $15,240) in September 2022, but has now fallen to 0.19 Ethereum. In October 2023, X user and NFT enthusiast "Mauloadream" (also known as Noah) acquired the NFT company for an undisclosed amount.
