1
Immutable price surged more than 30% in the last 24 hours.
2
The immutable price hike was supported by volume which increased by 5087.98% in the last 24 hours.
3
Coinglass derivatives data states that a 749% hike in the open interest was observed in the past 24 hours.
The Immutable’s native token IMX has experienced a hike of more than 30% in the last 24 hours. The IMX price hike was supported by a 5087% rise in the daily volume, which increased to $1.07 Billion. As per coinmarketcap data, the circulating supply to the total supply ratio is 58.49%, indicating that the whales are active as a large volume is being circulated in the market.
The reason behind the sudden hike in The IMX token price is that a majority of the trade volume for the IMX token has come from the South Korean exchange “UPBIT”. The South Korean exchange has accounted for 20% of the total transaction. Whereas other major exchanges like BINANCE received only
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