The native token of the Immutable X platform, Immutable (IMX), has recently seen a significant rise in price following the resolution of a pivotal investigation by the U.S. Securities and Exchange Commission (SEC). The price increase has drawn considerable attention from both individual investors and institutions, with one whale apparently profiting nicely from the movement. In the past eight days alone, the whale has offloaded 17.17 million IMX tokens for an approximate average price of $0.56 per token. That’s a total value of about $9.67 million. This significant liquidation emphasizes the rising power of large institutional traders in the crypto
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