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Altcoin Signal from SEC Escape: Increase Among Major Players! - Coin Bulletin
The altcoin that survived the SEC investigation has begun to signal with the activity of major players.
The activity of Immutable X whales has recently shown a significant increase. According to Glassnode’s data, wallets that have traded 100,000 IMX or more in the last three months have accumulated a total of 4.55 million coins. Such large transactions are often seen as a signal of accumulation and potential price increase in the cryptocurrency market.
Recently, the increase in the trading volume of IMX whales has reached a remarkable point. Wallets trading over 100,000 IMX have accumulated a significant amount of coin, increasing the market's volatility. This situation may indicate that the potential of the altcoin is increasing for investors. At the same time, the changes in the price of Immutable X are shaped by the effects of these large transfers.
Especially around March 25, with 48 transactions over 100,000 IMX and 8 transactions over 1 million dollars, the activity peaked. This large transaction volume indicates that whales have started to have a strong impact on the market.
Recent developments from the U.S. Securities and Exchange Commission (SEC) may also be linked to this increasing whale activity. The SEC's decision to conclude the investigation into Immutable X may have led investors to feel more confident. This development seems to have increased interest in altcoin during a period when large investors are showing more activity in the market.