Sep 22, 2023

IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Imx, the native Token of NFT platform, Immutable X surged Thursday and at one point rose 35% to 74 cents. While Imx saw the 24 hour global trading volume rise to $556 million. It's paired to the Korean one listed on up bit South Korea's leading crypto exchange accounted for nearly 20% of all activity worldwide according to Blockchain sleuth. Look on chain wall, it's tied to up bit accumulated over 12 point 5 million imx worth nearly $9.3 million as the token surged. Meanwhile, this chart shows the number of active or open positions and perpetual futures tied to IMX surged over 400% an increase in the so called open interest alongside a rise in a price is set to represent an influx of new money in the market. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.