Why did the price of IMX fall?
Immutable (IMX) dropped 3.4% in the last 24 hours, underperforming the overall crypto market, which was mostly flat (-0.06%). The main reasons include negative technical signals, a $17.56 million token unlock, and a slowdown in NFT activity.
- Technical Breakdown – Price fell below important support levels.
- Token Unlock Pressure – $17.56 million worth of IMX tokens were released on October 3.
- NFT Volume Decline – Sales on Immutable’s platform dropped 24.8% week-over-week.
Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview: IMX’s price slipped below its 30-day simple moving average (SMA) at $0.713 and the 7-day exponential moving average (EMA) at $0.616. The MACD indicator shows strong downward momentum, and the Relative Strength Index (RSI) is near oversold levels at 31.6, but this hasn’t yet led to a price rebound.
What this means: Falling below these key averages triggered automatic sell orders and algorithmic trading, pushing the price lower. Now, the price is testing a key Fibonacci retracement level at $0.692. If it falls below this, the next support level is around $0.527.
Key watch: Will IMX bounce back above $0.61 (7-day EMA), or will it drop below the $0.692 Fibonacci level?
2. Token Unlock Overhang (Bearish Impact)
Overview: On October 3, 24.52 million IMX tokens, worth about $17.56 million at current prices, were unlocked as part of a scheduled release ending this month. This increased the circulating supply by 1.25%.
What this means: Token unlocks often lead to selling pressure as early investors take profits. Since September 30, when the market started anticipating this unlock, IMX’s price has fallen by 19.2%.
Key watch: Monitor token inflows to exchanges. Data from Santiment shows IMX reserves on exchanges rose 12% this week, indicating more tokens may be available for sale.
3. NFT Sector Weakness (Mixed Impact)
Overview: NFT sales on Immutable’s platform dropped 24.8% week-over-week to $6.3 million (from September 27 to October 4). This decline is less severe than on Ethereum (-33%) and BNB Chain (-197%).
What this means: Since Immutable focuses on gaming and NFTs, lower activity means less fee revenue and fewer incentives for staking. However, some projects like Guild of Guardians Avatars saw a 64% increase in sales, showing some areas of strength.
Key watch: Upcoming gaming releases in Q4, such as updates to Gods Unchained, could boost platform activity.
Conclusion
IMX’s recent price drop is driven by technical selling, token unlocks, and a shift away from NFTs. While the coin is oversold and could bounce back, a sustained recovery will likely depend on a broader market rebound or increased adoption in gaming.
Key watch: The next staking rewards period (October 12–26) — higher participation could indicate growing confidence among holders.
What could affect the price of IMX?
Immutable’s price is caught between positive momentum from growing gaming adoption and challenges from broader economic factors.
- Regulatory Clarity – A U.S. Senate bill could exclude gaming assets from strict regulations, potentially increasing IMX’s usefulness.
- Ecosystem Growth – Over 660 games are now part of Immutable’s platform, but upcoming token releases may create selling pressure.
- Market Sentiment – The crypto market is currently cautious, limiting upside despite typically strong Q4 performance.
In-Depth Analysis
1. Regulatory Tailwinds (Positive Impact)
Overview:
The CLARITY Act (Section 103), under discussion in the U.S. Senate, aims to exclude video game assets from securities laws. This would remove oversight by the Commodity Futures Trading Commission (CFTC) for in-game NFTs and tokens, benefiting Immutable’s Web3 gaming ecosystem. Robbie Ferguson, Immutable’s co-founder, described this as a “proliferation catalyst” for integrating crypto rewards and stablecoins into games.
What this means:
If passed, this law could speed up adoption by major game studios like Ubisoft, which is already using Immutable for its Might & Magic game. This would likely increase demand for IMX tokens through more transactions. Historically, clearer regulations have led to 30–50% price increases in similar crypto tokens (Yahoo Finance).
2. Tokenomics & Unlocks (Negative Impact)
Overview:
Immutable faces a token unlock event on October 3, 2025, releasing $17.56 million worth of IMX tokens (about 0.89% of total supply). This comes after a recent 35% weekly price drop, with the Relative Strength Index (RSI) indicating the token is oversold. The circulating supply is already 98.2% of the maximum, which limits inflation but means new tokens could dilute value.
What this means:
The new tokens entering the market might lead to selling pressure, potentially pushing prices down to support levels around $0.3458, the year-to-date low. However, staking rewards funded by 2% of protocol fees could encourage holding and reduce selling if the platform continues to grow.
3. Gaming Sector Momentum (Mixed Impact)
Overview:
Immutable’s platform now supports over 660 games, including popular titles like Netmarble’s Solo Leveling, which has helped NFT sales jump 69% week-over-week. Despite this growth, the overall crypto gaming sector is fragile, with about 40% of projects failing in 2025 due to lack of funding.
What this means:
IMX’s price tends to move closely with Bitcoin (correlation of 0.85), so broader market downturns could overshadow positive developments. On the other hand, breakout hits like Gods Unchained, which helped IMX reach its all-time high of $9.52 in 2021, could drive significant price gains.
Conclusion
Immutable’s price outlook depends on the outcome of Senate regulatory decisions, how well it manages token dilution, and continued growth in gaming adoption amid a cautious market. While Q4 historically brings strong gains (Bitcoin averages +85%), current market sentiment (Fear & Greed Index at 31/100) advises caution.
Key question: Will the CLARITY Act pass before the next major token unlock, or will broader economic challenges delay IMX’s recovery?
What are people saying about IMX?
Immutable’s shift toward gaming is creating excitement, attracting big investors, and raising some concerns. Here’s what’s happening:
- Partnership with Ubisoft drives a 52% price jump – but some resistance is expected
- Integration with MEXC exchange brings 40 million new users to the zkEVM network
- Upcoming token unlocks ($17.56 million on October 3) raise worries about increased supply
In-Depth Look
1. Ubisoft Partnership and SEC Developments Boost Confidence
According to @Toknex_xyz, Immutable’s token (IMX) jumped 15% after announcing a gaming deal with Ubisoft. A large investor, known as a “whale,” bought 4.55 million IMX tokens worth $2.2 million, signaling strong confidence.
Why it matters: Collaborations with major gaming companies like Ubisoft support Immutable’s strategy to build Web3 infrastructure for gaming. The whale’s purchase suggests that big players believe in the project’s potential.
2. MEXC Listing Expands zkEVM User Base
Immutable shared on Twitter that over 40 million users on the MEXC exchange can now transfer IMX tokens to the zkEVM network quickly and without extra fees or complicated steps.
Why it matters: This makes it easier for people to use Immutable’s technology, which could increase network activity. However, despite this positive development, IMX’s price dropped 34% over the past week, showing that the market hasn’t fully reacted yet.
3. Token Unlocks Could Impact Price, But Technical Signals Suggest Buying Opportunity
DiarioBitcoin reports that 24.5 million IMX tokens, valued at $17.56 million, will become available on October 3. This increase in supply could put downward pressure on the price. However, technical analysis shows that the price level around $0.62 might be a good buying zone if it holds above $0.66.
Why it matters: While the token unlock may cause short-term price drops due to more tokens entering circulation, some traders see this as a chance to accumulate IMX based on market indicators.
Summary
The outlook for Immutable (IMX) is mixed. Growth in its gaming ecosystem is promising, but upcoming token unlocks could create challenges. Keep an eye on the CLARITY Act vote in the Senate, which, if passed, might exempt gaming-related assets from SEC regulations. This could significantly boost Immutable’s core business.
What is the latest news about IMX?
Immutable is managing shifts in talent and benefiting from positive regulatory developments, while gaming partnerships continue to develop. Here’s the latest update:
- Arbitrum Hires Former Immutable Executive (October 10, 2025) – Brendan Ma, who previously led investments at Immutable, has joined Arbitrum to help grow its ecosystem.
- Progress on the CLARITY Act (September 30, 2025) – A U.S. Senate bill could exempt gaming assets from securities laws, which would support wider adoption of IMX.
- Q4 Altcoin Momentum Picks Up (October 4, 2025) – IMX’s price jumped 10% during a broader crypto market rebound, with seasonal trends suggesting further gains.
Deep Dive
1. Arbitrum Hires Former Immutable Executive (October 10, 2025)
Overview:
Brendan Ma, who was in charge of investments at Immutable, has taken on a new role as Head of Investment Strategy at Arbitrum, an Ethereum Layer 2 network. His job is to build partnerships and manage capital to help Arbitrum grow, drawing on his experience advising crypto clients at Goldman Sachs and working with Immutable’s gaming projects.
What this means:
This move is neutral for IMX. While it shows competition for top talent in the crypto space, Immutable remains a leader in Web3 gaming with over 660 games on its platform. Brendan Ma’s departure doesn’t directly affect IMX’s core technology. However, if Arbitrum attracts more investment, it could create some competitive pressure for Layer 2 solutions like IMX. (The Block)
2. Progress on the CLARITY Act (September 30, 2025)
Overview:
The U.S. Senate is considering the CLARITY Act, which aims to exclude in-game digital assets from being regulated as securities. This follows the bill’s approval in the House earlier this year. Robbie Ferguson, co-founder of Immutable, praised the bill for enabling crypto rewards and stablecoin payments in gaming.
What this means:
This is positive news for IMX. Clearer regulations would lower legal risks for major game studios building on Immutable’s zkEVM blockchain, encouraging more adoption. Historically, IMX’s price tends to rise with increased Total Value Locked (TVL) on its platform, and if the bill passes, IMX could potentially reach $1.15. (Yahoo Finance)
3. Q4 Altcoin Momentum Picks Up (October 4, 2025)
Overview:
On October 4, IMX’s price increased by 10%, outperforming Bitcoin, which dipped slightly by 0.48%. Analysts point out that the fourth quarter is typically strong for cryptocurrencies, with Bitcoin averaging an 85% return since 2013. IMX is also recovering after a 35% drop in September.
What this means:
The outlook is cautiously optimistic. IMX faces some resistance at $0.74, the high point from September, but fewer token unlocks after October and seasonal market trends could help push the price higher. However, IMX’s relatively low trading volume (4.5% turnover in 24 hours) means liquidity is limited, which can lead to more price swings. (CryptoPotato)
Conclusion
Immutable is balancing challenges like talent competition with positive regulatory developments and seasonal market trends. The progress of the CLARITY Act and historically strong Q4 performance create a favorable risk-reward scenario. However, limited liquidity means investors should proceed carefully. Will Senate approval of the CLARITY Act help IMX break through to $1?
What is expected in the development of IMX?
Immutable’s roadmap is focused on improving tools for developers, expanding its zkEVM technology, and making the user experience smoother. Key upcoming milestones include:
- Immutable zkEVM General Availability (Q4 2025) – Opening up the platform for anyone to deploy custom smart contracts.
- Verified Collections & ERC-1155 Support (Q4 2025) – Adding stronger security for NFT projects and better support for semi-fungible tokens.
- Immutable Checkout Upgrades (Q1 2026) – Introducing easier ways to buy NFTs with regular money and enabling asset transfers across different blockchain layers.
Deep Dive
1. Immutable zkEVM General Availability (Q4 2025)
What it is: Immutable zkEVM is a blockchain technology compatible with Ethereum that uses zero-knowledge proofs to keep transactions secure and low-cost. Moving out of its restricted testing phase means anyone can now deploy smart contracts freely. This upgrade aims to make Immutable the go-to blockchain for Web3 gaming by combining Ethereum’s security with affordable fees.
Why it matters: This is a positive sign for IMX as it could attract more developers and projects, growing the ecosystem. However, there’s a risk that the system might face challenges handling increased activity.
2. Verified Collections & ERC-1155 Orderbook Support (Q4 2025)
What it is: Verified Collections will officially confirm NFT projects to reduce scams, while adding ERC-1155 support means semi-fungible tokens can be traded more easily across marketplaces through a shared orderbook.
Why it matters: This could improve trust and liquidity, encouraging more gamers and collectors to participate. Success depends on how well these features integrate with popular games like Gods Unchained and Guild of Guardians.
3. Immutable Checkout Upgrades (Q1 2026)
What it is: These upgrades will allow users to buy NFTs directly with traditional money (fiat) and transfer assets between different blockchain layers more easily.
Why it matters: Making transactions simpler and more accessible could help bring in mainstream users who aren’t familiar with cryptocurrency. However, regulatory challenges related to fiat payments could slow progress.
Conclusion
Immutable’s roadmap focuses on making the platform scalable, secure, and easy to use. The rollout of zkEVM and Checkout improvements are key steps toward growing the IMX ecosystem and tapping into the expanding Web3 gaming market. The success of these plans will depend on smooth technical execution and favorable market conditions.
How will Immutable balance decentralization with developer needs as its ecosystem scales?
What updates are there in the IMX code base?
Immutable is improving its technology to make the platform faster, easier to use, and more rewarding for users.
- zkEVM Integration with MEXC (August 2025) – Over 40 million users can now deposit and withdraw IMX directly without complicated steps.
- Biweekly Staking Rewards (June 2025) – Rewards for staking IMX now depend on NFT trading activity instead of fixed payouts.
- Immutable Chain Merger (May 2025) – Two separate blockchains combined into one to simplify development and improve performance.
Deep Dive
1. zkEVM Integration with MEXC (August 2025)
What happened: Immutable made it possible for users on MEXC, a major crypto exchange, to move IMX tokens directly onto Immutable’s zkEVM blockchain without using bridges (which are often slow and costly).
Why it matters: This change speeds up transactions to under 5 minutes and lowers fees by cutting out extra steps. It also makes it easier for developers to connect wallets with MEXC’s system.
Impact: This is a positive step for IMX because it encourages more people to use the network, especially gamers and developers, by making token transfers smoother. (Source)
2. Biweekly Staking Model (June 2025)
What happened: The way users earn rewards for staking IMX changed. Instead of fixed weekly payments, rewards now depend on how much NFTs are traded on the platform.
Why it matters: 2% of platform fees from NFT sales go to stakers, and smart contracts calculate rewards based on real-time data from popular games like Guild of Guardians.
Impact: This approach encourages more active participation but means rewards can vary with the NFT market’s ups and downs. Node operators need to keep track of migration deadlines to keep earning rewards. (Source)
3. Immutable Chain Merger (May 2025)
What happened: Immutable combined its two blockchains, Immutable X and zkEVM, into one unified chain.
Why it matters: This reduces duplicated work in the code, improves how different parts of the system work together, and increased daily transactions by 5.7%. Developers now have a single set of tools (APIs) for creating and trading NFTs.
Impact: This is good news for IMX because it makes the platform more attractive to big game studios like Ubisoft and lowers ongoing maintenance costs. (Source)
Conclusion
Immutable is focusing on making its platform scalable, rewarding, and developer-friendly. With over 660 games using it and a big increase in high-value users, the question is whether these technical improvements will help IMX grow steadily despite challenges in the wider crypto market.