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    Multichain token dives 30% on backend upgrade hold-up

    Justin DoomBy Updated:No Comments1 Min Read
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    The Multichain method’s TVL stays greatly unmodified at $1.6 billion regardless of a big sell-off in the token.

    Multichain token plunges 30% on backend upgrade delay

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    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    Multichain token plunges 30% on backend upgrade delay

    On May 24, the token rate of cross-chain router method Multichain (MULTI) dropped by 30% over 1 day to trade at $4.97 at the time of magazine.

    The sell-off followed individuals reported that their multichain funds had actually not gotten here as a result of a backend node upgrade “taking much longer than anticipated.” An admin in the Multichain Dissonance network composed:

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    Justin is US News Editor at Cryptomag and manages the site on weekends. He's a former editor at ABC News, former reporter at Bloomberg, and former contributor to The Atlantic, Sports Illustrated, and the Arizona Republic. He taught journalism at Arizona State University and was a Knight-Bagehot Fellow at the Columbia University Graduate School of Journalism.

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