The Multichain (MULTI) token has experienced a 20% drop in price, falling from $7 to $5.63. This has been attributed to user complaints about stuck transactions on the cross-chain bridge protocol, which have been ongoing since May 21.

Multichain has acknowledged the difficulties, stating that they are due to an ongoing upgrade and delayed updates to nodes for cross-chain routers. Multichain has assured users that all funds are safe and transactions will go through once the upgrades are complete.