You're contacting media contact of this press release

Title: Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

United Kingdom, 2nd Aug 2025  The Wally Group (TWG), initially launched as WALLY (Wally the Emotional Support Alligator), has announced a community-led initiative to relaunch the project following the departure of its original development team. The token, originally positioned to support causes related to emotional support animals and mental health awareness, encountered significant setbacks after the initial developers exited the project amid unfulfilled promises, including the development of an AI mental health chatbot.Following the loss of over $25 million in market capitalization, members of the original community have restructured the project under a new leadership framework to restore transparency and rebuild community trust.Community Relaunches Project Under New Governance StructureFollowing the exit of the original development team, a group of remaining token holders opted to continue the project under a new framework. This led to the creation of a new token under a fresh smart contract: TWG — The Wally Group.The initiative is now led by a group of doxxed, community-elected representatives from the UK, USA, Australia, and Dubai. Structured as a decentralized effort, the relaunched project operates on the Ethereum blockchain, with plans to expand to Solana in July 2025. The TWG relaunch aims to establish a governance model centered on community involvement and transparency. “They thought they took the project. But they couldn’t take the community. We are no longer just a meme — we are a movement.” — TWG Core Team Member.Security and Transparency FirstIn collaboration with OneX Technology, the TWG team has initiated measures to strengthen the project's long-term security by engaging HASH, a recognized blockchain security firm, to perform an independent a...

This press release is issued by King Newswire