**News Flash: Gutter Cat Gang's GANG Token Launch Hits Snag**

Gutter Cat Gang's much-anticipated GANG token launch on Apechain faced a setback on March 31 due to a "technical issue" with a third-party contract, halting the distribution of tokens. GCG's chief architect, Yugen, acknowledged the problem on Discord, stating that liquidity claims were blocked, delaying token access for participants.

Despite plans to sell 12% of the supply at $0.0089 per token, raising $1.08 million, reports suggest only 3.66 ETH ($6,800) was raised. GCG has yet to confirm these figures. The NFT project, launched in 2021, has seen its floor price drop significantly from 8.5 ETH to 0.19 ETH.