Immutable X (IMX) whale activity has reached an all-time high, with a record increase in the last 24 hours. While $18 million worth of tokens were secured, this record movement was recorded as the most significant increase in crypto history.
made history
A whale wallet associated with the Immutable X blockchain has accumulated over $18 million in IMX tokens. This massive purchase was tracked by observing large token transfers from cryptocurrency exchanges Kraken and Coinbase to the whale’s wallet address.
Currently ranked 46th by market cap, Immutable X has experienced an unprecedented level of activity from addresses valued at over $100k. While this increase in whale activity was seen as unprecedented, IMX coin went down in history as the most important day in the token’s history in terms of high-value transactions and assets.
What is Immutable X?
IMX is known for being a Layer-2 scaling solution that aims to provide gas-free and instant transactions for Ethereum. It is especially crucial in the NFTs space by providing a scalable and environmentally friendly platform for NFT trading.
On the other hand, IMX coin experienced a 35 percent increase on September 21 and attracted the attention of investors. The rise in price was accompanied by an increase of over 22 percent in 24-hour global trading volume. This increase reached 556 million dollars.
The IMX/KRW pair, listed on the Upbit exchange, accounted for approximately 20 percent of global activity, while Binance’s IMX-tether (IMX/USDT) pair contributed 7 percent to total volume.
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