Why did the price of IMX fall?
Immutable (IMX) dropped 9.21% in the last 24 hours, underperforming the overall crypto market, which fell by 1.05%. The main reasons include technical breakdowns, recent token unlocks increasing supply, and investors shifting away from altcoins.
- Technical breakdown – Price fell below important moving averages, signaling bearish momentum.
- Token unlocks – 17.56 million IMX tokens were unlocked on October 3, adding selling pressure.
- Market shift – Altcoin dominance dropped to 28.3%, down 60% since September, as investors moved to safer assets.
Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: IMX’s price fell below its 30-day simple moving average ($0.70) and 200-day exponential moving average ($0.68). This triggered stop-loss orders, leading to more selling. The Relative Strength Index (RSI) is at 39.75, which means it’s not yet oversold, while the MACD indicator confirms downward momentum.
What this means: Traders sold after IMX failed to hold the $0.55 support level, which is critical for price stability. Trading volume increased 22% to $77.1 million, showing panic selling.
What to watch: If IMX closes above $0.55, it could stabilize. But if it falls below $0.50, it might test its June low of $0.35.
2. Token Unlock Aftermath (Bearish Impact)
Overview: On October 3, 17.56 million IMX tokens (worth about $9.4 million at current prices) were unlocked as part of a scheduled release, increasing the number of tokens available to trade.
What this means: Token unlocks increase supply and often lead to selling, especially when the market is weak. The number of IMX tokens on exchanges rose to 174 million in June (according to Santiment), and these recent unlocks likely added to selling pressure.
What to watch: The next token unlock is scheduled for November 8, when 24.52 million IMX tokens (valued at $13.1 million) will be released.
3. Sector Rotation & Market Sentiment (Mixed Impact)
Overview: Bitcoin’s market dominance rose slightly to 58.84%, indicating investors are moving money out of altcoins like IMX. The CoinMarketCap Altcoin Season Index dropped 45% this week, showing less appetite for risk.
What this means: As a gaming and Layer 2 altcoin, IMX is more vulnerable during times when investors avoid risk. The Fear & Greed Index is at 32/100, reflecting cautious sentiment, and the overall crypto market fell 10.43% this week, adding to selling pressure.
Conclusion
IMX’s recent price drop is due to a combination of technical selling, increased supply from token unlocks, and a broader market shift away from altcoins. While partnerships like Ubisoft’s support long-term growth in gaming and NFTs, the short-term outlook remains bearish.
Key watch: Will IMX hold the $0.50 support level? Also, keep an eye on the upcoming Senate vote on the CLARITY Act, which could exempt gaming assets from securities laws and potentially boost investor confidence.
What could affect the price of IMX?
Immutable’s price is balancing between growing use in gaming and upcoming token releases.
- Regulatory progress – The U.S. CLARITY Act could make gaming tokens more useful.
- Ecosystem growth – Over 180 new games are set to launch on Immutable zkEVM by 2026.
- Token supply risks – $17.56 million worth of IMX tokens unlock on October 3, which may increase selling pressure short-term.
Deep Dive
1. Regulatory Clarity for Gaming Assets (Positive Outlook)
Overview: The U.S. Senate is considering the CLARITY Act (CoinMarketCap), which would exclude in-game NFTs and currencies from securities laws. This is important for Immutable, which focuses on Web3 gaming infrastructure.
What this means: If passed, this law could speed up adoption by major game studios like Ubisoft, which is launching Might & Magic on Immutable. It would also strengthen IMX’s role in NFT transactions. In the past, clearer regulations have led to 50-100% price increases in gaming tokens.
2. Gaming Ecosystem Expansion (Mixed Signals)
Overview: Since 2024, Immutable has added over 180 games, including titles from Netmarble and mobile versions of franchises worth over $100 million. However, active user wallets dropped 17% in Q3 2025 (Messari).
What this means: New games like DiceGo (a Monopoly-style player-versus-player game) could increase NFT trading volume. But with user growth slowing (around 1 million active wallets), there’s a risk that rewards from fees and staking could decline. Watch upcoming Q4 game launches and IMX’s 7-day total value locked (TVL) of $35 million for signs of growth.
3. Token Unlocks and Whale Activity (Potential Downside)
Overview: On October 3, 24.52 million IMX tokens (worth $17.56 million) will unlock. These tokens are part of a 54-month vesting plan ending in October 2025. Some large holders (whales) have been buying recently (e.g., 0x971f...94A0), but technical indicators like the RSI (35.33) suggest the token is oversold.
What this means: The unlocked tokens represent about 1.3% of the circulating supply and have historically caused price drops of 8-12%. With open interest in derivatives down nearly 20% weekly (CoinGlass), sellers may have the upper hand in the short term.
Conclusion
IMX’s future depends on balancing growing gaming adoption with challenges from token supply increases. Regulatory progress and Ubisoft’s upcoming game launch could boost prices, but the October 3 token unlock and recent 26% weekly price drop call for caution. Watch whether NFT trading volume recovers faster than the increase in token supply. Also, track staking rewards over the 14-day cycle after the unlock for signs of demand.
What are people saying about IMX?
Immutable’s IMX token is experiencing ups and downs driven by gaming excitement and upcoming token releases. Here’s the latest:
- SEC ends investigation – positive price jump after regulatory clarity
- NFT trading surpasses Ethereum – gaming platform shows strong growth
- MEXC exchange integration – 40 million users get easy access to IMX
- Token unlock approaching – $13 million worth of IMX entering the market on August 8
Deep Dive
1. SEC Investigation Ends – Positive for IMX
"IMX jumps 15% as SEC drops probe... big investors buying around $0.62"
– @Toknex_xyz (12.3k followers · 89k views · 2025-09-13)
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What this means: The end of the SEC investigation removes a major uncertainty for IMX. Large investors buying now show confidence that the token’s value could rise.
2. NFT Trading Volume Beats Ethereum – Positive for IMX
"Immutable zkEVA daily transactions up 5.7%, weekly NFT sales $34.9M vs Ethereum’s $25.8M"
– @MessariCrypto (689k followers · 2.1M views · 2025-05-02)
See original post
What this means: IMX’s gaming platform is gaining ground in the NFT market, surpassing Ethereum in weekly sales. This shows strong demand, though fewer active users (-17% month-over-month) could be a concern.
3. MEXC Exchange Integration – Positive for IMX
"+40 million users can now transfer IMX to zkEVM in under 5 minutes – no swaps or fees"
– @Immutable (1.2M followers · 3.8M views · 2025-08-18)
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What this means: Making it easier for millions of users to access IMX could increase adoption. After the integration, fewer tokens are moving to exchanges, suggesting holders prefer to keep or stake their IMX rather than sell.
4. Upcoming Token Unlock – Negative for IMX
"Price pattern points to $0.47 target as $13M IMX unlocks on August 8"
– @ali_charts (412k followers · 1.4M views · 2025-08-03)
See original post
What this means: The release of $13 million worth of IMX tokens (about 1.3% of circulating supply) could put downward pressure on the price. However, past unlocks have been followed by strong recoveries, indicating potential price swings ahead.
Conclusion
The outlook for IMX is mixed. Growth in the gaming ecosystem and partnerships like Ubisoft and MEXC integration support a positive view. But the large token unlock in August and increased supply on exchanges create risks. Keep an eye on whether NFT trading stays above $30 million per week after the unlock, as this will show if demand is genuine or just short-term speculation.
What is the latest news about IMX?
Immutable is benefiting from positive partnerships and favorable regulatory developments, but upcoming token unlocks could create some challenges.
- Ethereum Layer 2 Rally (October 13, 2025) – IMX jumped over 10% as Layer 2 tokens outperformed the market.
- CLARITY Act Progress (September 30, 2025) – A U.S. Senate bill may exempt gaming assets from securities regulations.
- $17.5 Million Token Unlock (October 3, 2025) – This could cause short-term price volatility due to increased token supply.
Deep Dive
1. Ethereum Layer 2 Rally (October 13, 2025)
Overview: IMX’s price rose more than 10%, alongside other Layer 2 Ethereum tokens like Mantle (+31%) and Arbitrum. This followed a rebound after a $19 billion market drop. Analysts link this rally to Immutable’s integration with Bybit’s platform, which includes new features for trading tokenized assets (Cointelegraph).
What this means: This is a positive sign for IMX’s use in decentralized finance (DeFi) and real-world asset markets, especially among institutional investors. However, the long-term success depends on how widely Bybit adopts these features.
2. CLARITY Act Progress (September 30, 2025)
Overview: The U.S. Senate is considering a bill (Section 103) that would exclude video game assets from being regulated as securities, removing oversight from the Commodity Futures Trading Commission (CFTC). Robbie Ferguson, Immutable’s co-founder, described this as “very, very good” news for crypto gaming (Yahoo Finance).
What this means: This development is cautiously optimistic for IMX. Clearer regulations could speed up gaming partnerships, but the final impact depends on the exact wording of the bill.
3. $17.5 Million Token Unlock (October 3, 2025)
Overview: On October 3, 24.5 million IMX tokens (about 1.3% of the total supply) were unlocked. This is part of a larger trend, with over $1 billion in crypto tokens unlocking across major projects this month. IMX’s circulating supply now exceeds 1.96 billion tokens, which is 98% of the maximum supply (Phemex).
What this means: This is a short-term negative for IMX, as more tokens entering the market can increase selling pressure. IMX’s price has already dropped 26% over the past week, though much of this dilution may already be factored into the price.
Conclusion
Immutable is benefiting from momentum in Ethereum Layer 2 solutions and positive regulatory signals, but faces challenges from token unlocks that could weigh on the price. Keep an eye on IMX’s $0.50 support level and updates on the Senate’s CLARITY Act—these will be key to seeing if regulatory progress can balance out supply pressures.
What is expected in the development of IMX?
Immutable is making important progress with these key updates planned for 2025:
- Immutable zkEVM General Availability – Developers will have full public access to deploy custom smart contracts on a gaming-focused Ethereum-compatible blockchain.
- ERC-1155 Orderbook Support – This will improve NFT liquidity by supporting semi-fungible tokens across Immutable’s platform.
- Direct Fiat Purchases via Checkout – Users will be able to buy NFTs directly with credit or debit cards, making it easier for mainstream audiences to participate.
Deep Dive
1. Immutable zkEVM General Availability (2025)
What it is: Immutable zkEVM is a blockchain designed specifically for gaming that works like Ethereum but with added efficiency. It’s moving from a limited access phase to being fully open to all developers. This means game creators can build and launch their own smart contracts without restrictions.
Why it matters: This is good news for Immutable (IMX) because more developers using the platform can lead to more transactions and demand for staking IMX tokens. However, there is competition from other Layer 2 solutions like Polygon, which also target similar markets.
2. ERC-1155 Orderbook Support (2025)
What it is: Immutable will support ERC-1155 tokens, a type of NFT that can represent multiple items or copies, allowing for shared liquidity across different marketplaces and games. This update follows the merging of Immutable X and zkEVM into one unified blockchain.
Why it matters: This could be a positive development, as better liquidity can attract more developers and users. However, the overall impact depends on how the NFT market performs. If adoption grows, Immutable could strengthen its position as a top NFT gaming platform.
3. Direct Fiat Purchases via Checkout (2025)
What it is: Immutable Checkout will let users buy NFTs directly using credit or debit cards, without needing to go through cryptocurrency exchanges. This feature will work alongside Immutable Passport, a wallet designed to make it easy for new users to get started.
Why it matters: Making NFT purchases simpler for people unfamiliar with crypto could significantly grow Immutable’s user base. Partnerships with big gaming companies like Ubisoft and Netmarble support this goal. Still, regulatory concerns around buying NFTs with traditional money will need to be monitored.
Conclusion
Immutable’s upcoming updates focus on making its platform more scalable, interoperable, and accessible. These improvements aim to strengthen IMX’s role in the growing web3 gaming space. While success depends on execution and market trends, Immutable is well-positioned to benefit from the increasing integration of blockchain technology in gaming.
How will Immutable’s focus on developer tools and easier fiat payments impact IMX’s growth compared to competitors like Polygon?
What updates are there in the IMX code base?
Immutable’s latest updates focus on making developer tools and software development kits (SDKs) easier and more efficient.
- Core TypeScript SDK v1.0 (Q1 2023) – Cut package size by 65% and reduced dependencies by 79%.
- Golang SDK Beta Release (Q1 2023) – Made it simpler for game backends and trading bots to interact with Immutable’s platform.
- Developer Hub & Immutascan (2023 Roadmap) – Centralized developer resources and upgraded the blockchain explorer.
Deep Dive
1. Core TypeScript SDK v1.0 (Q1 2023)
Overview:
The updated SDK simplifies the process for developers by reducing the amount of custom code needed by 78% (from 10,589 to 2,365 lines) and cutting dependencies from 42 to 9. This makes it easier to connect with Immutable’s NFT platform.
What this means:
This is a positive development for IMX because smaller, faster SDKs make it easier for developers to build games and marketplaces. Less complex code means fewer bugs and lower maintenance, encouraging more projects to join Immutable’s ecosystem.
(Source)
2. Golang SDK Beta Release (Q1 2023)
Overview:
The Golang SDK beta offers ready-made workflows for using Immutable’s APIs, aimed at game backend systems and trading bots.
What this means:
This is neutral for IMX right now since it’s still in beta. Expanding language support could attract developers from traditional gaming companies, but wider adoption depends on the SDK’s final stability and documentation.
(Source)
3. Developer Hub & Immutascan (2023 Roadmap)
Overview:
The upcoming Developer Hub will bring together code samples, testing tools, and support in one place. Meanwhile, Immutascan, the blockchain explorer, will move under Immutable’s management with service guarantees.
What this means:
This is good news for IMX because having centralized resources makes it easier for new projects to get started. A reliable blockchain explorer also builds trust by providing clear and transparent information for users and developers.
(Source)
Conclusion
Immutable’s updates focus on making development smoother and more efficient, which is key to growing its Web3 gaming platform. While technical, these improvements show a maturing system ready to attract quality projects. Could these streamlined SDKs lead to a wave of new IMX-based games launching in 2026?