The price of ImmutableX (IMX), the layer-2 protocol operating on the Ethereum (ETH) network, gained great value due to the influence of South Korea.
South Korean exchanges and whales played a key role in the sudden rise of many cryptocurrencies in the past period. The favorite project of the South Korean front this time is ImmutableX happened. On-chain data platform etherscan to the data provided by Binance, OKX, Bybit, Crypto.com South Korea’s number one exchange among many centralized cryptocurrency exchanges such as to Upbit transferred.
lookonchain to your data According to the report, whales received approximately 12.53 million IMX worth $9.45 million Transferred it to Upbit. While these transactions attracted attention, the IMX price rose on Upbit in a short time. Nearly 100% increase from $0.56 to almost $1 jumped out.
On the other hand, the most popular exchanges on exchanges such as IMX, Binance and Bybit $0.76 seen on Upbit by pricing the level 1 dollar Couldn’t reach the band. However, on the cryptocurrency exchange OKX, the price rose to $0.86, showing a reaction that differed from other global exchanges.
According to Lookonchain data, 3 investors also lost their money from the locked treasury wallet as the IMX price increased. $2.3 million in its value 3.05 million IMX‘s and market maker GSR’s Binance’e 2 million IMX He stated that he deposited it.
ImmutableX (IMX) trading volume also increased
With the price increase, IMX global trade volume also increased. 25%experienced an increase of more than 613 million reached the dollar. Also on Upbit IMX/KRW trading pair on all exchanges 20% of global volume He attracted attention by hosting. According to on-chain data, the amount of open interest in futures transactions on IMX 400% increasing on Record with 115.42 IMX reached a level.
In the past period, StormX (STMX), Solar Network (SXP) and Icon (ICX), CyberConnect (CYBER) South Korean traders, who had projects such as these on their radar, triggered sudden price increases. So much so that it is supported by Binance Sei (SEI) The South Korean front, which created significant volumes in particular, caused serious price differences.
According to CoinGecko data, it quickly gained popularity on Upbit with high interest from South Korea. 2 layers rising IMX From $0.56 to $1 reached. IMX is on global exchanges except Upbit 43% from $0.531 with increase for $0.76 rose. about the same price from $0.712 finds buyers.