Multichain Network token MULTI rose nearly 30% after several users confirmed that the cross-chain bridge services resumed operation on its official Telegram channel on June 5.
According to CryptoSlate’s data, MULTI reached as high as $4.89 before retracing to $4.39 at the time of writing.
Multichain resumes operation
On June 5, Multichain’s VP Tung Dinh corroborated the news, tweeting that “Router 2 is back.
0xScope founder Bobie, sharing a screenshot, said some Multichain cross-chain bridge services, including Zksync Era, Kava EVM, and Avax C-Chain, resumed operations.
Web3 knowledge graph protocol 0xScope later tweeted that the service recovery increased the MULTI token’s value by 47%, adding that Kava-based USD Coin (USDC) regained its peg after dropping to a low of $0.35.
Meanwhile, several users have begun to ask questions about when their pending transactions would be recorded. Some Multichain users complained that their funds were stuck for three days or more durin
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