110 million tokens are unlocked on ImmutableX (IMX), a layer-2 protocol with no transaction fees for non-fungible token (NFT) trading.
According to data from ImmutableX 110 million IMX It will be unlocked on Saturday, November 5th at 16:00. It is stated that the owners of the tokens to be opened over the weekend belong to “early private investors” before IMX is released. Current IMX price $0.63 Considering that these investors 70 million dollar can bring sales pressure is being considered. Those who have previously invested in IMX are now about at 500% snow exists.
Robbie Ferguson, co-founder of Immutable, made the following statements in his statement on the subject:
Even with short-term sales coming, we do not see any problems with the upcoming unlocking. Many of the top 30 IMX holders are long-term IMX investors. But for investors looking to sell, many new investors, including Coinbase and Kenetic Capital, have lined up to break the selling pressure.
Although the founding partner of the company made a statement in this way, the last 24-hour trading volume 20 million dollars for a project around $70 million The selling pressure is thought to be too high.
The TokenUnlocks data looks slightly different from what Immutable describes. According to TokenUnlocks, on November 5, the total supply was approximately 12% the one which… 255 million The IMX token will be released. However 120 million of them other private investors 135 of a million on the other hand, it belongs to the part devoted to developing the project and 1 more year of lockdown It is said to have been committed.
Maximum supply amount 2,000,000,000 ImmutableX leverages the security and scalability features of the Ethereum blockchain to deliver world-class NFTs to its users.