Crypto News

Multichain Rumors and Panic Selling: Investors Should Exercise Caution‼️


Recently, there have been rumors circulating around the Multichain team being arrested by the Chinese police, with $1.5 billion of contract funds under their control. This news has sent the prices of $MULTI to plunge down 30% today, leaving investors worried about their investments.

Adding to the panic, the Fantom Foundation Wallet has removed 449,740 $MULTI ($2.4M) from liquidity on #Sushiswap 30 minutes ago, which bodes ill for the currency and reinforces investor fears about a possible sell-off.

The rumor of the Multichain team’s arrest and control of the contracts funds by the Chinese police is yet to be confirmed, but it deserves attention. Such rumors and uncertainty can bring about market volatility and instability, causing panic selling within the industry.

Investors are advised to exercise caution and stay calm, especially during situations like this, where information is unconfirmed. Panic selling carries the risk of locking in gains or potential gains and even losing your investment.

It is crucial to keep abreast of news and updates, always verifying sources’ validity before making any investment decisions. Ensure to keep a clear head, control your emotions, and remain disciplined when dealing with uncertain events like this.

Creative Mind

Hello Dope SOUL'S, I'm the founder of, a self-taught blogger with a passion for technology. My journey began with a fascination for tech's power to shape our world, leading me to self-learn computer science and engineering. After years as a self-taught software engineer, I realized my true calling lay in sharing knowledge. This inspired, where I provide valuable insights on tech trends, gadgets, and software. As a self-taught blogger, I explore new tech, analyze trends, and offer honest reviews. I believe in demystifying complex subjects for both tech enthusiasts and beginners. Beyond blogging, I actively engage in tech conferences, collaborating with industry pros to ensure my content stays accurate and relevant. is a platform dedicated to sharing knowledge, connecting with the tech community, and helping readers navigate the ever-evolving tech landscape. Thanks for joining this journey. Stay curious and tech-savvy! Best regards, [Creative Mind] Founder,

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