The team has sold! The Metaverse Coin That the Turks Also Received Was Dumped!

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There is a significant Development for a listed metaverse coin ImmutableX (IMX) on Binance. It has attracted attention with the recent divergence in the Market and significant price increases. However, the recent significant exit of IMX Tokens from the developer treasury presents an interesting situation. Accordingly, it triggers investors’ concerns. It also affects the value of cryptocurrency.

Latest developments of the Metaverse coin ImmutableX


The metaverse coin ImmutableX (IMX), which is located on the world’s largest cryptocurrency exchange Binance, has made headlines in the industry. Accordingly, the significant deviation of the cryptocurrency from the wider market and the remarkable price increases attracted the attention of investors.


Despite the fact that ImmutableX is constantly adding new IMX tokens to its developer treasury, there is a different situation. Accordingly, a recent significant outflow has raised concerns among investors. The sudden movement of Metaverce coin IMX tokens from the developer treasury has triggered controversy within the crypto community.

Notable transfer on August 2


According to Token Unlocks, a reputable data provider, the development team of the cryptocurrency ImmutableX initiated the transfer of 47.16 million IMX tokens on August 2. There is a metaverse coin IMX transfer worth about $ 36.3 million. It had a remarkable impact on the dynamics of the project.


The tokens in the new wallet have not been sent to any cryptocurrency exchanges as of now. However, speculation suggests that the metaverse coin ImmutableX team may have carried out an over-the-counter (OTC) sale of these tokens.

Interpretation of Metaverse coin transfers


Within the crypto community, some investors have different interpretations. Accordingly, he thinks that these transferred IMX tokens could be allocated to be distributed as part of the unlocking processes scheduled for August 12. On the other hand, this expectation adds to the ongoing discourse surrounding the recent movement of the cryptocurrency.


The IMX token experienced a gradual decline in market value following the notable exit of 47.16 million IMX tokens on August 2. The token’s price has fallen by about 10% during this period. However, the token has shown resilience and has started to regain its value in subsequent Trading sessions

A mix of excitement and attention


The recent journey of the cryptocurrency metaverse coin ImmutableX is interesting. parofix.com When we look at it, there is excitement arising from differentiation in the market. There is also the cautiousness caused by the significant outflow of tokens.


The crypto community continues to monitor developments and predict the course of events regarding the metaverse coin. On the other hand, the dynamics of ImmutableX remain a topic of active discussion and observation among investors.

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