GARI, the local cryptocurrency of India’s short video sharing application Chingari, fell by 90% in a single candle yesterday around 19.00.
After the event that victimized many investors, the cryptocurrency recovered slightly. Before the great fall from $0.7 traded cryptocurrencies, at the time of writing from $0.19 is being traded.
GARI, which provides the economy between Chingari application and users with blockchain, meet liquidity and incentive needs It is said to be used for
FTX, Gate.io, Huobi, Kraken and KuCoin any of the cryptocurrencies traded on major exchanges such as not exposed to hacking is stated.
Gari Network made the following statement on Twitter:
After extensive research we see that there are no attacks and this is a normal market event. We guarantee that all tokens belonging to our community are safe in reserves. We are in contact with the exchanges and are assessing the situation. We ask you not to panic. We will keep you informed of developments.