A giant whale sells IMX worth $9.67 million after SEC concludes investigation into Immutable

Odaily Planet Daily reported that according to on chain analyst Yu Jin's monitoring, there has been a certain increase in IMX prices after the SEC concluded its investigation into Immutable. A whale/institution took advantage of the situation and sold 17.17 million IMX (worth 960000 US dollars) in the past 8 days, with an average price of 0.56 US dollars. He/they deposited IMX into FalconX (an institutional business brokerage platform) and then entered Binance from FalconX after the news of the IMX price increase was released at the end of the investigation.