Multichain (MULTI) Down 23% as Fears of Rugpull Swell: Details

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Multichain (MULTI) Down 23% as Fears of Rugpull Swell: Details
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.MultichainOrg down 23% as community agitation mounts

as much as 23% over the past 24 hours. With the price slump, the cryptocurrency is trading at a price of $3.88, but with significant Fear, Uncertainty and Doubt in the community.

The Multichain protocol revealed earlier this week that some of its chain transactions were inoperable due to a force majeure event. This event marked the beginning of the woes for the protocol with different theses about a likely rugpull imminent.how Multichain has accumulated a total of $1.8 billion spread across different chains other than Fantom.

Multichain has $1.8 Billion in locked assets under control, across several chains, not just Fantom. It will impact prices on all assets, across all chains if they did indeed rug, which I suspect is the case.

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