MULTI, the native token of the cross-chain protocol MultiChain, has lost more than 20% of its value in a short time.
Multichain’s native token MULTI will soon be released. more than 23% value There was a lot of speculation when he lost. MULTI soon 6.52 from dollar levels $5.01 declined to levels.
What’s going on?
Today some users are on Multichain abnormal in the passage of funds One of the delay The team stated that these delays were continuing. a knot from raising claimed to have originated.
After the suspension of some chain transitions, the platform will be restarted. is accelerating And that the upgrade will be completed within 24 hours despite being told however many users 72 to your funds allegedly failed.
On the other hand, another rumor has it The Multichain team was arrested by the Chinese police and 1.5 billion dollar fund was seized. Also, allegedly, some team members today 494 thousand made a close MULTI transfer.
On-chain analytics platform Lookonchain has some investors installed amount of MULTI He said they realized he was selling it. From the wallet named “0xb4df” a user 2.75 worth millions of dollars close to 494 thousand Cryptocurrency exchange MULTI Transfer it to Gate.io platform stating that “hwg.eth” was yesterday $200,000 MULTI He said he was selling.
Lookonchain also recently $2.4 million worth 449 thousand of MULTI Reminding that the Phantom Foundation was left out of liquidity on Sushiswap, he stated that he could sell.
According to CoinGecko data, MULTI has been in the last 24 hour period. 27.2% fell and was devalued at the time of writing. from $5.16 is being traded.