Elrond's indigenous token sinks by 7 %when Maiar Dex gets dark
Elrond's indigenous token sinks by 7 %when Maiar Dex gets dark
- The main dex used in the Elrond network was switched offline as part of an investigation of "suspicious activities".
- Both the token that belongs to the Dex and Elrond's native tokens have fallen, but remain stable
The native token of the Smart Contracts platform Elrond Network lost more than 7 % of its value on Sunday, as a Maiar, the decentralized stock exchange used on Elrond, in which maintenance was moved.
Founder and CEO of Elrond Beniamin Mincu tweeted On Sunday, the entire team of Elrond "Shallable Activities" examined an update Provide.
Blockworks has confirmed that MaiaR by a " planned maintenance " with an accompanying message on its website, in which it is claimed that "the company will be resumed shortly".
Both the Elrond token (ELGD) and the native tokens of the Maiar Dex (Mex) are in the minus on this day, with Mex recovered from a significant drop in prices that lost 90 % of its value late Sunday.
Mex is now near prices that were observed before the failure, while ELGD of around $ 75, which were seen at 9:00 p.m. UTC, has dropped to $ 72.30.
Blockworks tried to contact the Elrond team, but received no answer until the time of going to press.
This story develops and is updated accordingly.
. .
The contribution Elrond’s native token drops 7% AS Maiiar Dex goes Dark is not a financial advice.