Immutable

<p>Immutable X (IMX) has seen impressive price gains this past week on the back of an intriguing new partnership before retreating from local highs.</p>
<p>Today, IMX trades at <strong>$2.08</strong>, up 6% in the last 24 hours and 44% over the past week. Earlier, the token briefly surged to <strong>$2.24</strong>, adding 20% in a matter of hours.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-1024x694.png" alt="" class="wp-image-397073" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-1024x694.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-767x520.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-1536x1042.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-2048x1389.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-221x150.png 221w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-516x350.png 516w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44-788x534.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-44.png 696w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>The rally comes as Immutable announced integration with fiat on-ramp solution <strong>Transak</strong> to enable seamless crypto payments in upcoming games. This represents a major adoption drive for digital assets in video games and metaverses, which likely fueled speculator interest.</p>
<p>However, on-chain analytics provider <a href="https://twitter.com/lookonchain/status/1734414360716698099" target="_blank" rel="noopener noreferrer nofollow">Lookonchain </a>detected that a whale holding <strong>$90 million worth of IMX</strong> had withdrawn 4.3 million tokens from Binance during this period.&nbsp;</p>
<p>This whale seems to manage a network of six related wallets, currently holding approximately 40.54 million IMX (approximately $90.8 million). Such large-scale withdrawals from exchanges often indicate a strategic move by investors to secure their assets in private wallets, suggesting a bullish outlook on the coin’s future value or a desire for more control over their holdings.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="758" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-1024x758.png" alt="" class="wp-image-397065" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-1024x758.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-300x222.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-767x568.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-1536x1137.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-2048x1516.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-203x150.png 203w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-473x350.png 473w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323-788x583.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-323.png 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/polygon-matic-whales-make-mystery-moves-amid-price-plunge/" target="_blank" rel="noopener noreferrer nofollow">Polygon (MATIC) Whales Make Mystery Moves Amid Price Plunge</a></li>
 <li><a href="https://captainaltcoin.com/chainlink-link-signals-breakout-with-eyes-set-on-this-key-resistance/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Signals Breakout with Eyes Set on This Key Resistance</a></li>
 <li><a href="https://captainaltcoin.com/battle-for-attention-new-cryptocurrencys-presale-versus-dogecoins-anticipated-surge/" target="_blank" rel="noopener noreferrer nofollow">Battle for Attention: New Cryptocurrency’s Presale Versus Dogecoin’s Anticipated Surge</a></li>
</ul>
<p>When major token holders transfer coins off exchanges into private wallets, this typically signals longer-term conviction rather than short-term trading motivations. Since keeping holdings on platforms like Binance exposes investors to potential security risks, moving to self-custody represents a safer long-term strategy.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-imx-price-up-by-20-on-chain-data-shows-interesting-immutable-x-whale-transaction/" rel="noopener noreferrer nofollow">Why is IMX Price Up By 20%? On-Chain Data Shows Interesting Immutable X Whale Transaction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is IMX Price Up By 20%? On-Chain Data Shows Interesting Immutable X Whale Transaction

Table of Contents

CaptainAltcoin

Other articles published on Dec 12, 2023

Bitcoin (BTC) Price Rally Soars Past $43K; BorroeFinance (ROE and Render (RNDR) are Leading the A...

South Korea implements virtual asset user protection regulations

Localities Must Decide if a Crypto Mining Facility is Welcomed

Bitcoin halving 2024: Expert predictions point to major BTC price surge

Bitcoin’s Surge Amid ETF Excitement and Market Dynamics

Top 5 Layer-2 Crypto Picks for Big Gains in 2024 Bull Market: Crypto Influencer

Join our free newsletter for daily crypto updates!