On june 21, gtc fell to $0.0433, plummeting from $0.2495 the previous day, marking a **55%** drop over the last 24 hours.

this decline is likely attributed to a liquidity crisis and sell-out panic for altcoins on major exchanges following high-profile events like elon musk's suspension of banking services in canada and the cftc discontinuation of binance lawsuits.

recent reports about gitcoin’s leadership change and shutdown plans for its core software development team by may 31 may have caused further uncertainty among investors.