NFT: ImmutableX (IMX) Gains 35%, OI Rises 700%
NFT (Non-Fungible Token) platform Immutable X’s native token, IMX, has seen a sudden surge in its market cap value. The token rallied by 35% in the last 24 hours and is up by almost 45% in the weekly charts. The rise is also coupled with a 22% increase in trading volumes, which increased to $556 million. One interesting development is that a majority of the global trade volume for IMX, 20% to be precise, comes from South Korea’s Upbit exchange. On the other hand, Binance’s IMX-Tether trading pair accounted for only 7% of the global trade volume. This gives weight to the argument that South Korean traders are responsible for Immutable X’s (IMX) price surge. Also Read: 95% NFTs Have a Market Cap of 0 Ether 2/ Upbit has accumulated 12.53M $IMX ($9.45M) in the past 3 hours and transferred to wallet "0x2F77". Wallet "0x2F77" currently holds 20.4M $IMX ($15M), becoming the 9th holder.https://t.co/QnQxok7iPU pic.twitter.com/SFlKQAqvAi — Lookonchain (@l...