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
The post IMX Price Surge Triggers Whale Activity: $9.67M Sold in 8 Days appeared first on The Merkle News.
]]>The cryptocurrency realm sees its fair share of large-scale investments made by whales—those big players who can dictate market trends. But what happens when the whales start making moves on a particular token? That’s something we might just be seeing happen with the $IMX token. Recent data has revealed an uptick in on-chain transactions by large holders of the token, which suggests this accumulation could be a signal to the rest of us that it’s time to look closely at what’s happening with the Immutable gaming platform. Whale Activity on the Rise: A Positive Sign for IMX? In the last
The post Increased Whale Activity Signals Accumulation for IMX Token Amid Market Volatility appeared first on The Merkle News.
]]>An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at approximately $2.47 million, to Binance. This recharge marks the investor’s first significant transfer in three months. 疑似 $ENS 早期投资方时隔三个月再次向 #Binance 充值 15.4 万枚 ENS,价值 247 万美金 2022.05.04 以来该地址曾收到项目方分发的 386 万枚代币,而 2024 年来已累计向交易所转移价值 642 万美金的 ENS,目前仍持有 202 万枚(约 3236 万美金) 钱包地址 https://t.co/5P6tzDH4lU https://t.co/wmF5hikLVd pic.twitter.com/tyPweK63aY — Ai 姨 (@ai_9684xtpa) November 4, 2024 Since May 2022, this address has received a total of 3.86 million ENS tokens directly from the project’s distribution. Throughout 2024, it has transferred $6.42 million worth of ENS tokens to various exchanges, while still
The post Early ENS Investor Transfers $2.47M To Binance Amid Upcoming Token Unlocks appeared first on The Merkle News.
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At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains against the U.S. dollar. DYM surged by 16.8%, […]
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In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe. 7-Day Crypto Gainers and […]
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Web3 gaming developers will be able to build on a new zero-knowledge Ethereum Virtual Machine that aims to increase ownership rights for players and take on the big gaming corporations.
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The total crypto market cap slipped below $1.025 trillion as concerns over Silvergate Bank’s solvency triggered a sharp sell-off in BTC, ETH and altcoins.
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Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster […]
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Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none […]
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Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower. Biggest gainers Despite the bearish pressure on crypto markets this Thursday, there […]
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