{"id":359597,"date":"2024-10-01T16:19:20","date_gmt":"2024-10-01T10:49:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/immutable-price-fluctuates-as-55-53m-set-to-unlock-soon-what-next-crypto-news\/"},"modified":"2024-10-01T16:25:16","modified_gmt":"2024-10-01T10:55:16","slug":"immutable-price-fluctuates-as-55-53m-set-to-unlock-soon-what-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/immutable-price-fluctuates-as-55-53m-set-to-unlock-soon-what-next-crypto-news\/","title":{"rendered":"Immutable Price Fluctuates as $55.53M Set to Unlock Soon; What Next? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Immutable (IMX) price, a layer-two scaling solution for Ethereum, has shown a bullish trend over the past month, gaining 31%. Despite this increase, the price of IMX is now showing signs of volatility due to a recent market correction. This fluctuation seems to be in anticipation of an upcoming event that could unlock further changes in its valuation.<\/span><\/p>\n<h2><strong>Immutable Price Swings Ahead Token Unlock Events<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Immutable price exhibits notable fluctuations, as evidenced by recent token-unlocking events. On September 6, 2024, 32.47 million IMX tokens were unlocked, representing 2.02% of the circulating supply and valued at approximately $37.67 million.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<figure id=\"attachment_218729\" aria-describedby=\"caption-attachment-218729\" style=\"width: 2421px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-218729\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart.png\" alt=\"Immutable Price Fluctuates as $55.53M in $IMX Set to Unlock Soon; What Next?\" width=\"2421\" height=\"1323\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart.png 2421w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-300x164.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-1224x669.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-768x420.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-1536x839.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-2048x1119.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-price-chart-150x82.png 150w\" sizes=\"auto, (max-width: 2421px) 100vw, 2421px\"\/><\/noscript><figcaption id=\"caption-attachment-218729\" class=\"wp-caption-text\">IMX price chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In contrast, a subsequent<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/token.unlocks.app\/immutable-x\"><span style=\"font-weight: 400;\"> unlocking event <\/span><\/a><span style=\"font-weight: 400;\">scheduled for October 4, 2024, forecasts these tokens to be worth around $55.53 million. This stark increase in valuation underscores the volatile nature of the cryptocurrency market and highlights the impact of external market conditions on token pricing.<\/span><\/p>\n<figure id=\"attachment_218730\" aria-describedby=\"caption-attachment-218730\" style=\"width: 971px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-218730\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"971\" height=\"363\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks.png 971w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-300x112.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-768x287.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-150x56.png 150w\" data-lazy-sizes=\"(max-width: 971px) 100vw, 971px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-218730\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks.png\" alt=\"\" width=\"971\" height=\"363\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks.png 971w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-300x112.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-768x287.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/IMX-unlocks-150x56.png 150w\" sizes=\"auto, (max-width: 971px) 100vw, 971px\"\/><\/noscript><figcaption id=\"caption-attachment-218730\" class=\"wp-caption-text\">IMX Token unlocks<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Total Unlock Progress for Immutable shows that 81% of the tokens, amounting to 1.62 billion IMX, have been unlocked. Meanwhile, the remaining 19%, totaling 383.67 million IMX, are still locked. This progress indicator highlights the gradual release of tokens into the circulating supply, reflecting a strategic approach to maintaining market stability and investor confidence.<\/span><\/p>\n<h2>Upcoming Cryptocurrency Unlocks Total Over $465 Million<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">In a recent overview of cryptocurrency tokens scheduled to unlock between September 30 and October 6, 2024, the total value expected to be released exceeds $465.9 million. The unlock event highlights include the token $ENA, which leads with $172.08 million, representing 22.53% of the total unlocks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another notable unlock involves $ZETA, contributing $36.84 million or 13.43% of the total. Lesser amounts include $DX with $10.70 million and $AV with $8.36 million, making up 1.57% and 9.56% of the totals, respectively.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udd13 Weekly Cliff Unlocks : 30 Sep \u2013 6 Oct \u201924 \ud83d\udd13<\/p>\n<p>\ud83d\udd25 $ 465.9m+ \ud83d\udd25<\/p>\n<p>\ud83c\udf1f Unlock Highlights \ud83c\udf1f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ENA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENA<\/a> (22.53%) \u2013 $172.08m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SUI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SUI<\/a> (2.40%) \u2013 $112.34m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24OP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$OP<\/a> (2.50%) \u2013 $57.67m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IMX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IMX<\/a> (2.02%) \u2013 $55.53m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ZETA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZETA<\/a> (13.43%) \u2013 $36.84m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DYDX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DYDX<\/a> (1.57%) \u2013 $10.70m<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MAV&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MAV<\/a> (9.56%) \u2013 $8.36m<br \/>.<br \/>.<br \/>( % of cir. supply) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XM9xKK8jJy\">pic.twitter.com\/XM9xKK8jJy<\/a><\/p>\n<p>\u2014 Token Unlocks (@Token_Unlocks) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Token_Unlocks\/status\/1840700345653313627?ref_src=twsrc%5Etfw\">September 30, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-layer2-crypto-projects\/\"><span style=\"font-weight: 400;\">layer 2 blockchain<\/span><\/a><span style=\"font-weight: 400;\"> has seen notable fluctuations in its token price recently. The bulls and bears fiercely contest the market, indicating a volatile trading environment. At the time of reporting, the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/immutablex\/\"><span style=\"font-weight: 400;\">IMX price <\/span><\/a><span style=\"font-weight: 400;\">is hovering at $1.74.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">Throughout the day, it experienced a low of $1.67 and a peak of $1.78, showing the price trajectory with a sharp increase followed by a gradual decline and recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the current token unlocks, market volatility is expected to continue. The IMX price could test the $1.7 support level. If selling pressure intensifies, a further drop to $1.65 is possible. Investors should monitor market reactions closely during this period for potential shifts.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tOn October 4, 2024, approximately $55.53 million worth of IMX tokens, which represents 2.02% of the total holdings, are scheduled to be unlocked.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe unlocking of tokens may increase market supply, potentially leading to price volatility depending on investor reaction and market conditions.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \t IMX has been bullish over the past month, with a 31% gain. However, recent market corrections have introduced some price volatility.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/immutable-price-fluctuates-as-55-53m-set-to-unlock-soon-what-next\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/immutable-price-fluctuates-as-55-53m-set-to-unlock-soon-what-next\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Coingape Staff  <\/p>\n<\/p><\/div>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Immutable (IMX) price, a layer-two scaling solution for Ethereum, has shown a bullish trend over the past month, gaining 31%. Despite this increase, the price of IMX is now showing signs of volatility due to a recent market correction. This fluctuation seems to be in anticipation of an upcoming event that could unlock further changes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":359603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-359597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/359597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=359597"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/359597\/revisions"}],"predecessor-version":[{"id":359604,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/359597\/revisions\/359604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/359603"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=359597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=359597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=359597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}