Data: A whale sold 17.17 million IMX in 8 days, equivalent to about 9.67 million US dollars

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According to ChainCatcher, after the SEC concluded its investigation into Immutable, the IMX price rose. A whale or institutional account took advantage of the situation and sold 17.17 million IMX (approximately $9.67 million) over the past 8 days, at an average price of $0.56. After the news of the investigation's conclusion was announced, the account transferred IMX to the institutional brokerage platform FalconX, and then to Binance.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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