.MultichainOrg token is on a bullish rampage, is the comeback here to stay?
earlier by U.Today, there was a rugpull fear in the Multichain community after several chains were inoperable over the past week. Despite promises from the protocol to reimburse its users who were affected by the force majeure, there has been no update from the team since last week.
The question now lies in what exactly is stirring the massive revival in the price of the MULTI token. From the on-chain data on CoinMarketCap, the digital token's growth is complemented by the massive jump in its trading volume over the past 24 hours. Per the data, a total of $89.9 million MULTI tokens have been traded thus far, an indication of renewed interest in the asset across the board.It is not uncommon to experience a protocol rugpull in the digital currency ecosystem and going down memory lane, this has happened to Sushiswap, when founding developer Chef Nomi abandoned the project.
Some insiders within the Multichain protocol might be privy to a related move, and for traders backing the token, it appears to be a good bet, seeing as its price has hit rock bottom.
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