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IMX’s Price Drops as Its Team Claims 23.87M Tokens Today

Published 11/08/2023, 14:36
Updated 11/08/2023, 14:45
IMX’s Price Drops as Its Team Claims 23.87M Tokens Today

  • Token Unlocks revealed in a tweet today that Immutable’s team claimed 23.87 million IMX tokens.

  • At press time, IMX was changing hands at $0.7122 following a 24-hour loss of 0.82%.

  • Technical indicators suggested that IMX was at risk of falling to $0.6790 in the coming week.

The tokenomics tracking platform, Token Unlocks, revealed in a tweet earlier today that Immutable’s (IMX) team claimed 23.87 million IMX tokens, estimated to be worth $17.1 million, over the past few hours. According to the post, the wallet that claimed the IMX tokens currently holds 595 million IMX, valued at around $425.5 million.

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