The token tied to the giant crypto giant will not change 15% in hours after it announced that the US Securities and Exchange Commission closed its investigation into the firm and will not take further action.
The irreversible (Imx) token rose around 15% on March 25 to reach just under $ 0.74 Shortly after the company announced that the SEC closed its inquiry Without breaking the violations, which is unchanged that closed “The notice of the loop on Wells released by the SEC last year.”
IMX matches Crypto Market Downtrend
This is the highest price that the IMX has reached since March 3, before a broader decline in the market – driven by prolonged uncertainty on the tariffs of President Donald Trump’s President Donald Trump and US interest rates – pushed it up to $ 0.46 on March 11.
At the time of publication, the IMX returned to $ 0.67, According to In coinmarketcap. A move back to $ 0.70 will wipe over -approximately $ 449,500 in short positions, According to in coinglass data.
IMX reached 0.34% in the past 30 days. Source: CoinMarketCap
While the price of the token advanced to the positive news, it was slightly moved when it was unchanged in November it was issued a notice of Wells. However, the broader market is gaining momentum because Trump’s odds to win the election seem to be strong in the days before his final win on November 5.
Irreversible co-founder Robbie Ferguson Says In a March 25 X post that the SEC investigation collapse was “a massive win for web3 playing.”
“After a year of fighting, this threat to digital ownership rights has finally rested,” Ferguson said.
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Among the leading gaming tokens through the Market Cap, many have seen a revolt over the past 24 hours. Wandering (Gala) reached 2.78%, the sandbox (Sand) reached 3.78%, Floki (Floki) reached 1.91%, and the Axie Infinity (Axs) is up to 1.50%.
IMX hit all the time high $ 9.32 in November 2021 during a major rally on gaming tokens. With speculation about when playing Tokens will experience another significant Uptrend, because of the history they moved forward after the broader crypto market moves first.
However, over the past 30 days, the total market cap of gaming tokens dropped by 3.65% to $ 13.13 billion, while trading volume gained a bigger hit, falling 33.45% to $ 1.75 billion.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
