On January 16, 2025, ZachXBT, a well-known crypto investigator, reported via Twitter that the funds from the Multichain exploit, which occurred in July 2023, remain in the multisig wallet and have not been stolen (Source: @zachxbt on Twitter, January 16, 2025). This development has reignited interest in the Multichain ecosystem and its associated tokens, particularly Multichain's native token, MULTI. At the time of ZachXBT's tweet, the MULTI token was trading at $0.15, a slight increase from the previous day's close of $0.14 (Source: CoinGecko, January 16, 2025, 12:00 PM UTC). The trading volume for MULTI on this day was approximately $2.3 million, which represents a 15% increase from the average daily volume over the past week (Source: CoinMarketCap, January 16, 2025, 12:00 PM UTC). Additionally, the total value locked (TVL) in Multichain's ecosystem remained steady at around $50 million, indicating that despite the exploit, the platform still holds significant liquidity (Source: DeFi Llama, January 16, 2025, 12:00 PM UTC). This news has prompted traders to reassess their positions in MULTI and related assets, with many considering potential recovery strategies based on the possibility of fund recovery and the subsequent impact on token value.

The trading implications of ZachXBT's revelation are significant, particularly for those holding MULTI and other tokens within the Multichain ecosystem. The news that the funds are still in the multisig wallet has led to a surge in trading activity across multiple trading pairs involving MULTI. For instance, on Binance, the MULTI/USDT pair saw a volume spike of 25% within the first hour of the tweet, with the price of MULTI rising to $0.16 (Source: Binance, January 16, 2025, 1:00 PM UTC). Similarly, on Uniswap, the MULTI/ETH pair experienced a 20% increase in volume, with the price reaching $0.155 (Source: Uniswap, January 16, 2025, 1:00 PM UTC). These spikes suggest a renewed interest and potential bullish sentiment among traders. Furthermore, the on-chain metrics indicate a significant increase in active addresses interacting with Multichain's smart contracts, with a 30% rise in daily active users compared to the previous week (Source: Etherscan, January 16, 2025, 1:00 PM UTC). This increased activity could signal a potential recovery in the token's value if the funds are successfully returned to their rightful owners.

Technical analysis of MULTI's price movement post-tweet reveals several key indicators that traders should monitor closely. The Relative Strength Index (RSI) for MULTI stood at 65, indicating that the token is approaching overbought territory but still has room for growth before becoming excessively overbought (Source: TradingView, January 16, 2025, 2:00 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum in the short term (Source: TradingView, January 16, 2025, 2:00 PM UTC). Additionally, the trading volume for MULTI on this day was significantly higher than the 30-day average, with a volume of $2.3 million compared to the average of $1.8 million (Source: CoinMarketCap, January 16, 2025, 2:00 PM UTC). This increased volume, combined with the technical indicators, suggests that traders are actively buying MULTI in anticipation of a potential recovery in its value. The on-chain data also supports this, with a noticeable increase in large transactions (over $100,000) on the Multichain network, indicating that whales are also taking positions in the token (Source: Glassnode, January 16, 2025, 2:00 PM UTC).