Immutable

<ul class="news-points"> 
 <li><strong>Lookonchain revealed in an X post today that Upbit accumulated 12.53 million IMX tokens following its 35% gain.</strong></li> 
 <li><strong>Meanwhile, institutions deposited large amounts of IMX to Binance over the past few hours.</strong></li> 
 <li><strong>At press time, IMX was changing hands at $0.7023 according to CoinMarketCap data.</strong></li> 
</ul> 
<p>The on-chain tracking firm Lookonchain revealed in a thread posted on X earlier today that Upbit wallets accumulated a lot of <a href="https://coinedition.com/tag/immutablex-imx/" rel="noopener noreferrer nofollow">Immutable (IMX)</a> in the past 24 hours. During this time, investors and institutions were also depositing IMX to exchanges. According to the thread, this spike in on-chain activity was triggered by the altcoin’s 35% price surge throughout the past day.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr">1/ The price of <a href="https://twitter.com/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$IMX</a> skyrocketed by 35% today.<br><br>We noticed that <a href="https://twitter.com/hashtag/Upbit?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Upbit</a> wallets were accumulating <a href="https://twitter.com/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$IMX</a>.<br><br>And investors/institutions were depositing <a href="https://twitter.com/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$IMX</a> to exchanges after the price increase. <a href="https://t.co/brWNourpoi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/brWNourpoi</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1704706468560449730?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 21, 2023</a> 
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<p>Analyzing the on-chain data in more detail shows that Upbit scooped up 12.53 million IMX tokens, worth $9.45 million, over the past few hours. Lookonchain noted that the Upbit wallet “0x2F77” currently holds 20.4 million IMX tokens – making it…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/imxs-35-spike-leads-to-series-of-large-transfers-on-chain-data/">IMX’s 35% Spike Leads to Series of Large Transfers: On-Chain Data</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

IMX’s 35% Spike Leads to Series of Large Transfers: On-Chain Data

Coin Edition

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