The token surged 15% in several hours after the US Securities and Exchange Commission ended the investigation of the company and announced that it had no more action.
The IMX token rose about 15% on March 25 and reached less than $ 0.74 immediately after the company announced that the company had terminated the investigation without violation, and the immutability closed the loop for the well notification issued by the SEC last year.
IMX matched the decline in the encryption market.
Due to the US President Donald Trump’s tariffs and long -term uncertainty on US interest rates, the highest price of the IMX reached $ 0.46 on March 11 before the market was wider.
According to CoinmarketCap, the IMX returned to $ 0.67 at the time of publication. According to the CoingLass data, returning to $ 0.70 will wipe about $ 449,500 in a short position.
IMX has increased 0.34% over the last 30 days. source: Coinmarketcap
The price of tokens soared in positive news, but it rarely moved when the Wells notice was announced when it was constant in November. But on November 5, the wider market was already promoting, as the probability of winning Trump’s election for a few days before the final victory was stronger.
Robbie Ferguson, an immutable co -founder, said on March 25, SEC’s survey is a “huge victory of Web3 Gaming.”
Ferguson said, “After a year of fighting, this threat to digital ownership finally came to rest.”
relevant: Encryption influenza Ben ‘Bitboy’ Armstrong was arrested in Florida.
Some of the best game encryption tokens due to market cap have been on the rise in the last 24 hours. Gala (Gala) increased 2.78%, sandboxes (sand) 3.78%, floki 1.91%, and Axie Infinity (AXS) increased 1.50%.
The IMX recorded a record high of $ 9.32 in the main rally of game tokens in November 2021. Since the game token has surged since the larger password market moved first, there was a speculation about the game token experiencing another important rise.
However, over the last 30 days, the total market cap of game tokens decreased by 3.65%, down $ 13.3 billion, with a 33.45% drop in trading volume to $ 17.5 billion.
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.