NFT Platform ImmutableX’s $66M Unlocking Looms, Placing Promote Stress on IMX Token

by Jeremy

“We see no considerations surrounding this upcoming unlock, and even when some short-term promoting ought to happen,” Robbie Ferguson, co-founder of Immutable, wrote in an e mail. “The highest 30 IMX holders, representing 85% of the remaining tokens, have dedicated to holding – lots of whom are long-term fairness shareholders of Immutable. For remaining IMX personal sale holders that do want to promote, new traders, together with Coinbase and Kenetic Capital, have been lined as much as soak up any promote strain.”

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