Why did the price of IMX fall?
Immutable (IMX) dropped 5.18% in the last 24 hours, despite gaining 16% over the past week and 46% over the past month. This recent dip is mainly due to traders taking profits after a strong run and mixed technical signals. Key points to note:
- Overbought Correction – The Relative Strength Index (RSI) hit 74, indicating the coin was overbought and due for a pullback.
- Bearish Market Signal – On August 25, INDODAX flagged a bearish trend for IMX.
- Volume Decline – Trading volume fell by 51.8%, showing weaker market activity.
Deep Dive
1. Technical Pullback (Bearish Impact)
Overview: On September 21, IMX’s 7-day RSI reached 74.28, signaling it was overbought. The price also struggled to break above the $0.848 resistance level, leading traders to take profits.
What this means: When RSI is high, it often means the asset is overbought and a price correction may follow as traders sell to lock in gains. The failure to surpass $0.848 added selling pressure, pushing the price below the $0.823 support level.
What to watch: If IMX stays above the 30-day Simple Moving Average (SMA) at $0.596, it could stabilize. But if it falls below $0.72 (the 38.2% Fibonacci retracement level), a deeper correction might happen.
2. Bearish Sentiment Shift (Mixed Impact)
Overview: INDODAX’s market signal on August 25 pointed out a bearish technical setup for IMX, noting resistance between 10,000–16,000 IDR (about $0.66–$1.06) and a decline in active wallets.
What this means: Although IMX’s active addresses increased by 30% in Q3 2025, short-term traders reacted to the bearish alert. Additionally, the overall crypto market dropped 0.71% for the week, which hurt altcoin sentiment.
3. Liquidity Drain (Bearish Impact)
Overview: IMX’s 24-hour trading volume dropped 51.8% to $66.4 million. The turnover ratio (volume divided by market cap) is 4.35%, below the 5% level considered healthy for liquidity.
What this means: Lower liquidity can cause bigger price swings. The drop in volume suggests fewer large investors or “whales” are trading IMX, making the market more vulnerable to sudden sell-offs.
Conclusion
The recent dip in IMX is a normal cooldown after a strong month, influenced by technical signals and declining momentum. Long-term factors like partnerships in Web3 gaming (for example, with Ubisoft) and staking rewards (500,000 $END tokens distributed) support demand. However, short-term traders are taking advantage of overbought conditions to sell.
Key watch: Will IMX hold above the $0.72 support level, or will profit-taking push it down toward the 50-day SMA at $0.595? Keep an eye on today’s RSI and trading volume for clues.
What could affect the price of IMX?
Immutable’s price depends largely on gaming adoption, token unlock schedules, and competition among Ethereum Layer-2 solutions.
- Gaming Partnerships – Collaboration with Ubisoft and rising NFT sales are positive signs.
- Token Unlocks – Final token releases end in October 2025, which could affect supply and price.
- Layer-2 Competition – Upgrades like zkEVM’s “Giga” face tough competition from platforms like Polygon, with mixed effects on growth.
Deep Dive
1. Gaming Adoption & Partnerships (Positive Outlook)
Overview:
Immutable’s price jumped 52% in July 2025 after teaming up with Ubisoft for the game Might & Magic: Fates (CCN). The platform supports over 1,000 games in testing, with weekly NFT sales reaching $34.9 million—surpassing Ethereum’s volume. Additionally, a $1 million Web3 esports tournament launching September 25, 2025, could further increase user engagement (Cointribune).
What this means:
Successful game launches increase demand for IMX, which is used to pay transaction fees on Immutable’s zkEVM network. These fees help fund staking rewards, encouraging users to hold IMX tokens. However, a 17% drop in active wallets during Q3 2025 suggests user growth may be slowing, which could limit price gains.
2. Token Unlocks Ending (Mixed Impact)
Overview:
The last major token unlock of 24.52 million IMX (valued at $10.2 million) happened on July 11, 2025, marking the end of a 54-month distribution period (CCN). After October 2025, IMX will become deflationary since 95% of its total 2 billion supply will be in circulation.
What this means:
Before unlocks, token releases can dilute value—IMX’s price dropped 36% before the June 2025 unlock. After 2025, reduced selling pressure combined with staking rewards (which share 20% of fees) could help stabilize or increase prices. Keep an eye on exchange inflows, as IMX reserves increased 28% in Q2 2025, indicating some traders remain cautious.
3. Layer-2 Scalability Competition (Mixed Outlook)
Overview:
Immutable’s zkEVM “Giga” upgrade aims to boost transaction speed by 50 times, but competitors like Sei and Polygon currently lead in gaming activity (CCN). Ethereum’s upcoming Dencun upgrade also puts pressure on Layer-2 solutions to stand out.
What this means:
While technical improvements—such as 9,000 transactions per second and gasless NFTs—could attract developers, IMX needs to capture more than 5% of the Web3 gaming market (currently about 2%) to justify its $1.5 billion valuation. If Immutable fails to onboard major AAA game titles after Ubisoft, the price could face downward pressure.
Conclusion
Immutable’s outlook is cautiously optimistic, supported by gaming partnerships and deflationary tokenomics after 2025. However, token unlocks and stiff Layer-2 competition remain risks. Watch IMX’s staking annual percentage rate (around 4.35%) and weekly NFT sales for signs of momentum. Will Immutable’s zkEVM become the preferred platform for big game studios, or will scalability challenges limit its growth?
What are people saying about IMX?
The Immutable (IMX) community is buzzing with excitement over gaming partnerships but also cautious about upcoming token releases. Here’s the latest:
- Ubisoft partnership boosts optimism
- Token unlock in August raises volatility concerns
- Big investors (whales) are buying more IMX
In-Depth Look
1. @Immutable: Ubisoft partnership fuels gaming growth 🎮 positive outlook
"Ubisoft is now live on Immutable Play!" – Ubisoft has integrated popular games like Might & Magic into Immutable’s Web3 platform.
– @Immutable (1.2M followers · 12.4K impressions · 2025-08-13 12:10 UTC)
See original tweet
Why it matters: This is good news for IMX because Ubisoft’s large gaming audience could bring more users to Immutable’s blockchain platform, increasing activity and adoption.
2. @Tokocrypto: August token unlock may cause price swings ⚠️ short-term caution
“IMX will unlock 24.5 million tokens (about $10.2 million) on August 8 – expect price volatility as supply grows.”
– @Tokocrypto (289K followers · 8.7K impressions · 2025-07-08 12:30 UTC)
See original tweet
Why it matters: This could put downward pressure on IMX’s price in the short term. Previous token unlocks, like one in July releasing $12.4 million worth of tokens, led to price drops between 11% and 25%. After August, only 5% of the total tokens will remain locked.
3. @DiarioBitcoin: Large investors increase IMX holdings 🐋 positive mid-term
“Whale wallet 0x971f...94A0 bought 4.55 million IMX (around $3.6 million) last week. The RSI at 74.63 shows the market is a bit overheated, but momentum continues.”
– @DiarioBitcoin (632K followers · 18.3K impressions · 2025-09-16 19:39 UTC)
See original tweet
Why it matters: This is a positive sign for the mid-term because large holders usually buy before important updates. IMX’s trading volume over the past 30 days jumped 498% compared to July.
Summary
The overall outlook for IMX is cautiously optimistic. The Ubisoft partnership and whale buying show growing confidence, but the August 8 token unlock and a technical pattern near $0.35 support mean investors should watch closely. If IMX breaks above the $0.73 resistance level, it could confirm a positive trend aiming for $0.81.
What is the latest news about IMX?
Immutable is gaining momentum through new gaming partnerships and exchange listings, but some technical indicators suggest caution. Here are the key updates:
- SEC Investigation Ends (September 13, 2025) – IMX jumps 15% after regulators drop their probe.
- Ubisoft Launches on Immutable Play (August 12, 2025) – Big gaming company adopts Immutable’s platform.
- MEXC Exchange Adds IMX (August 18, 2025) – Over 40 million users get easier access to IMX.
In-Depth Look
1. SEC Investigation Ends (September 13, 2025)
What happened:
IMX’s price rose 15% within a day after news broke that the U.S. Securities and Exchange Commission (SEC) closed its investigation into Immutable’s token structure. Data showed a large investor bought $4.2 million worth of IMX before the announcement.
Why it matters:
This clears a major regulatory hurdle, which could increase confidence among big investors. Still, the price rally depends on official confirmation from the SEC. (Toknex)
2. Ubisoft Launches on Immutable Play (August 12, 2025)
What happened:
Ubisoft released Might & Magic: Fates on Immutable Play, becoming the first major game studio to use Immutable’s blockchain technology for optional NFT features.
Why it matters:
This partnership shows Immutable’s growing appeal to large companies and could attract more players—Ubisoft games typically have over 10 million monthly users. However, IMX’s price dropped 5% after the launch, a common pattern where investors buy in anticipation but sell once the news is out. (Immutable)
3. MEXC Exchange Adds IMX (August 18, 2025)
What happened:
MEXC, a major cryptocurrency exchange with over $4 billion in daily trading volume, integrated direct IMX deposits and withdrawals on Immutable’s zkEVM network, removing the need for complicated bridge transfers.
Why it matters:
This makes it easier for more than 40 million users to trade IMX, improving liquidity and user experience. Despite this, IMX’s price remained steady, likely because traders had already factored in this upgrade after July’s Immutable Passport improvements. (Immutable)
Conclusion
Immutable is expanding its ecosystem through partnerships with Ubisoft and MEXC, and regulatory clarity is helping build trust. These factors position IMX well for growth in the Web3 gaming space this year. However, mixed signals—like large investor buying alongside bearish technical trends reported by INDODAX in August—suggest that price swings are likely. The upcoming $1 million Call of Myth tournament on September 25 could be a key event to watch for IMX’s next big move.
What is expected in the development of IMX?
Immutable is making progress with these key updates:
- Immutable zkEVM General Availability (Q4 2025) – Developers will have full access to create and launch custom smart contracts.
- Fiat On-Ramp Integration (Q4 2025) – Players can buy NFTs directly using credit or debit cards, no crypto wallet needed.
- Passport Identity Suite Expansion (2026) – A unified gamer identity that works across different Web3 platforms.
Deep Dive
1. Immutable zkEVM General Availability (Q4 2025)
What it is:
Immutable zkEVM is a technology that works like Ethereum but is faster and cheaper. It uses zero-knowledge proofs to handle about 9,000 transactions per second, making it ideal for gaming applications. Until now, only select projects could use it, but soon any developer will be able to build on it.
Why it matters:
This opens the door for more game developers to join the Immutable ecosystem, potentially increasing the number of transactions and demand for IMX tokens. However, there is competition from other platforms like Polygon and Arbitrum that also offer gaming solutions.
2. Fiat On-Ramp Integration (Q4 2025)
What it is:
Immutable Checkout will let users buy NFTs with regular money (like USD or EUR) using credit or debit cards. This removes the need for a cryptocurrency wallet, making it easier for mainstream gamers to participate. This feature supports partnerships such as Ubisoft’s Might & Magic game launch.
Why it matters:
By simplifying the buying process, more players might join the platform, which is good for IMX. The success of this feature depends on how smooth the experience is and how well it prevents fraud during purchases.
3. Passport Identity Suite Expansion (2026)
What it is:
Immutable Passport is a digital identity system designed to work across multiple blockchain networks. It combines login, asset management, and social features into one platform. Recent updates include tools for moving assets across different blockchains using zkEVM technology.
Why it matters:
If Immutable Passport becomes the go-to login for Web3 games, it could create strong network effects and boost IMX’s position. However, it needs to work well with other platforms like Solana and Avalanche to gain widespread adoption.
Conclusion
Immutable’s roadmap focuses on three main areas: improving developer tools with zkEVM, making it easier for new users to buy NFTs with fiat money, and creating a unified digital identity with Passport. These efforts could make IMX a major player in Web3 gaming infrastructure. Still, challenges like competition and execution risks remain.
How will Immutable balance decentralization with the demands of large-scale gaming as it grows?
What updates are there in the IMX code base?
Immutable is improving its technology to make it easier for developers to build and scale their projects.
- Core SDK Overhaul (August 2025) – Simplified tools with cleaner code and support for multiple programming languages.
- zkEVM Staking Integration (June 2025) – Rewards now come from NFT transaction fees on the zkEVM blockchain, encouraging more platform use.
- Documentation Revamp (August 2025) – Open-source guides with community input and tutorials for all skill levels.
Deep Dive
1. Core SDK Overhaul (August 2025)
Overview: Immutable redesigned its software development kit (SDK) to make it easier for game developers to connect their games to the platform. They removed unnecessary code and created automatic tools that work with several programming languages.
The new IMX Core SDK cut down non-essential code by 99%. It separates wallet functions from the main system, moving complex tasks like transaction encoding to the server side. This reduces the workload on users’ devices. Also, common processes like withdrawing NFTs are now handled with single commands instead of multiple steps.
What this means: This is positive for Immutable (IMX) because simpler and faster tools make it easier for game studios to build on the platform, which could speed up growth in the ecosystem.
2. zkEVM Staking Integration (June 2025)
Overview: Immutable moved its staking system from its own network to the zkEVM blockchain. Instead of fixed weekly rewards, stakers now earn a share of 2% of the fees generated from NFT transactions on the platform.
According to this update, developers and users need to use the zkEVM chain to qualify for rewards. This change means rewards depend on how much the platform is used, encouraging more activity.
What this means: In the short term, this might cause some inconvenience as users adjust to the new system. But in the long run, it’s a positive move because rewards are tied directly to the platform’s success, aligning incentives for everyone involved.
3. Documentation Revamp (August 2025)
Overview: Immutable rebuilt its documentation using a platform called Docusaurus, which allows the community to contribute and improve the content. The new docs include detailed explanations of error codes and visual guides for workflows. There’s also a rewards program to encourage developers to help enhance the materials.
Check out the open-source documentation for more details.
What this means: This is good news for IMX because better, clearer resources help new developers get started faster, leading to more apps and games built on the platform.
Conclusion
Immutable’s recent updates focus on making the platform more scalable (through zkEVM), easier to use (with improved SDK and docs), and more sustainable (via staking rewards tied to platform activity). Since attracting developers is key to leading in Web3 gaming, these changes could help IMX gain an edge over competitors like Polygon when it comes to onboarding major game studios.