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Analysis

Whale Deposits IMX To Kraken After A Surge Of 35% In Price

September 21, 2023 - Around 2 mins mins to read

Key Points:

  • A whale deposits IMX to Kraken (2 Million), adding to its impressive holdings accumulated from Coinbase and FalconX.
  • Lookonchain reported a remarkable 35% surge in the price of $IMX today, with growing accumulation in Upbit wallets.
A whale deposits IMX to Kraken (2 Million) following the remarkable 35% surge in $IMX price today. He accumulated a total of 4.5M $IMX from Coinbase and FalconX since March 13.

On September 21, Lookonchain reported a whale had made its presence known. With impressive holdings and significant influence, this investor has deposited millions of dollars worth of IMX to various exchanges.

Impressive Whale Deposits 2M $IMX to Kraken

The whale recently deposited 2M $IMX ($1.37M) to Kraken, adding to its impressive holdings. Accumulating a total of 4.5M $IMX($3.16M) from Coinbase and FalconX between March 13 and September 12, this whale continues to make waves in the crypto market. With 2.5M $IMX($1.79M) still remaining, it’s clear that this investor has significant influence.

Whale Deposits IMX To Kraken After A Surge Of 35% In Price

Growing Accumulation and Notable Deposits in IMX

In a previous report, Lookonchain highlighted the remarkable 35% surge in the price of $IMX today. Interestingly, the growing accumulation of $IMX in Upbit wallets, as well as the increased deposits from investors and institutions following the price spike.

Whale Deposits IMX To Kraken After A Surge Of 35% In Price
Source: Lookonchain

In fact, Upbit alone has amassed 12.53M $IMX ($9.45M) in the past 3 hours, transferring it to wallet “0x2F77” which currently holds a staggering 20.4M $IMX ($15M) and ranks as the 9th holder. Other notable deposits include 2M $IMX ($1.52M) from GSR into Binance, and 851,322 $IMX ($647K) from Fund: 0x74c…441, also into Binance.

Furthermore, 3 investors recently unlocked 3.05M $IMX ($2.3M) from the Foundation Treasury Locked wallet, potentially impacting the market. Stay informed and keep an eye on $IMX.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Coinbase

Falcon

FalconX

IMMUTABLE X (IMX)

IMX

IMX Surge

Upbit

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.