What could affect the price of IMX?

Immutable is currently balancing between growing its gaming partnerships and facing challenges in the broader market.

1. Ecosystem Growth – Big partnerships with companies like Ubisoft and Netmarble could boost usage, but the NFT market remains weak, with its value dropping 45% since early October.
2. Token Unlocks – The final 1.3% of Immutable’s tokens will be released by October 2025, which could dilute value, especially since trading activity is already low.
3. Regulatory Changes – The SEC has closed its investigation into Immutable, removing some uncertainty. Also, the potential passing of the CLARITY Act could speed up adoption of Web3 gaming.

Deep Dive

1. Ecosystem Growth & Partnerships (Mixed Impact)

Overview: In Q3 2025, Immutable combined its zkEVM technology with Immutable X, leading to a 5.7% increase in daily transactions and an 83% jump in new contracts. Partnerships with Ubisoft (integrating Might & Magic) and Netmarble (promoting Solo Leveling) aim to tap into Immutable’s 5.6 million gaming users. However, the overall NFT market has shrunk to $3.5 billion, down 45% month-over-month, putting pressure on Immutable’s core business.

What this means: If these games succeed, more users will stake tokens (20% of fees go to rewards), and more tokens will be burned, which is good for value. But the weak NFT market—highlighted by the drop in popular NFT prices like BAYC—could reduce transaction fees, which fund these rewards.

2. Token Supply Dynamics (Bearish Near-Term)

Overview: The last batch of 24.52 million IMX tokens (worth about $10 million) will be unlocked in October 2025, completing the total 2 billion token supply. Most tokens (95%) are already in circulation, but exchange reserves have increased to 174 million IMX this year, a 28% rise since March, according to Santiment.

What this means: Although no new tokens will be released after October 2025, the current oversupply on exchanges and low trading activity (turnover ratio of 0.045 compared to Ethereum’s 0.53) suggest weak demand. In the past, IMX’s price dropped 19% after a similar token unlock in May 2025, despite positive technical signals.

3. Regulatory & Macro Winds (Bullish Catalyst)

Overview: The SEC ended its investigation into Immutable in September 2025, removing a major source of uncertainty. Additionally, the proposed CLARITY Act could exempt gaming assets from securities laws, encouraging more institutional gaming companies to participate.

What this means: Clearer regulations could speed up adoption. For example, Ubisoft’s Web3 gaming division plans to use Immutable for in-game asset compatibility. However, the overall crypto market sentiment remains cautious, with the Fear & Greed Index at 24/100 and Bitcoin dominance near 60%, limiting upside for altcoins like IMX.

Conclusion

Immutable’s price will likely depend on whether its gaming partnerships can make up for the shrinking NFT market and selling pressure from token unlocks. The October unlock and upcoming Q4 game launches, such as MetalCore, could cause price swings. Watch the $0.35 support level—holding it might confirm a double-bottom pattern, while breaking it could lead to retesting the 2025 low of $0.26.

Can IMX break free from the struggling NFT market if Web3 gaming user growth picks up?

What are people saying about IMX?

The Immutable (IMX) community is divided between optimism about new gaming partnerships and concerns over upcoming token releases. Here’s the latest:

1. Ubisoft partnership drives 15% price jump – Traders watching $0.85 resistance level
2. MEXC integration expands zkEVM access – Now available to 40 million users
3. July token unlock may increase selling pressure – Over $10 million worth of IMX tokens entering the market

In-Depth Analysis

1. Gaming Partnerships Boost IMX Price 🔼 Positive outlook

According to @Toknex_xyz, IMX is seeing a bullish trend thanks to regulatory clarity and major gaming collaborations. The U.S. Securities and Exchange Commission (SEC) investigation has closed, and large investors (“whales”) are buying up IMX tokens. Ubisoft’s upcoming Might & Magic game launching on the Immutable Chain is a major catalyst.

• Why it matters: Regulatory clarity reduces uncertainty, encouraging investment. The involvement of a big-name game developer like Ubisoft signals strong adoption potential for Immutable’s platform. Whale buying activity indicates confidence from institutional players.

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2. MEXC Bridge Launches, Making zkEVM More Accessible 🔼 Positive outlook

Immutable announced via @Immutable that 40 million users can now transfer IMX tokens to the zkEVM network in under five minutes without needing complex bridge tools. This makes transactions faster and cheaper.

• Why it matters: Easier access to zkEVM (a type of blockchain technology that improves speed and lowers costs) can increase IMX’s use in Web3 gaming. Daily transactions on Immutable’s zkEVM have already grown by 5.7% compared to the previous quarter (Messari).

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3. Large Token Unlock Scheduled for July Could Pressure Price 🔽 Negative outlook

DiarioBitcoin reports that on July 6, 24.5 million IMX tokens worth over $10 million will be released into circulation. Technical analysis shows a descending triangle pattern, which often signals a potential price drop below $0.35.

• Why it matters: Token unlocks increase the supply available for sale, which can lead to short-term price declines. Historically, such events have caused IMX price drops between 5% and 12%. Support at $0.62 will be critical to prevent a larger sell-off.

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Summary

The outlook for Immutable (IMX) is mixed. On one hand, strong gaming partnerships and improved network access suggest growing demand and adoption. On the other hand, upcoming token unlocks could create selling pressure and test recent price gains.

Investors should watch the $0.62 support level after the July unlock. Holding above this price could confirm continued upward momentum toward the $0.85 resistance. For long-term holders, the 180% increase in assets under management in the Inevitable Games Fund points to growing value within the Immutable ecosystem.

What is the latest news about IMX?

Immutable is navigating recent challenges in the NFT market with smart strategies. Here are the key updates:

1. NFT Market Cap Drops 46% (Nov 5, 2025) – NFT sales linked to Immutable (IMX) fell between 31% and 35%, even though the gaming side of the ecosystem stayed strong.
2. Guild of Guardians Sales Increase (Nov 1, 2025) – Sales of Immutable-Zk NFTs for Guild of Guardians rose 11%, bucking the trend as many other altcoins declined.
3. Ubisoft Launches NFT Game (Oct 30, 2025) – Ubisoft released Might & Magic: Fates, a strategy card game on Immutable’s platform.

In-Depth Look

1. NFT Market Cap Drops 46% (Nov 5, 2025)

What happened:
The total value of the global NFT market fell sharply by 45% over 30 days, dropping to $3.5 billion. Sales of NFTs connected to Immutable dropped between 31% and 35%, according to CoinGecko. Popular collections like BAYC and CryptoPunks saw their lowest prices cut in half. Meanwhile, NFTs related to Bitcoin and Base performed better. OpenSea is shifting toward a universal on-chain platform, and Animoca Brands recently went public on Nasdaq, showing the industry is adapting.

What it means for Immutable:
This is a short-term challenge for IMX because lower NFT sales can reduce the fees and rewards on the platform. However, Immutable’s focus on gaming NFTs—which are less about speculation and more about actual gameplay—could help protect it from bigger losses over time. (CoinTelegraph)

2. Guild of Guardians Sales Increase (Nov 1, 2025)

What happened:
NFT sales for Guild of Guardians Heroes on Immutable-Zk reached $3.88 million, an 11% increase, even though the overall NFT market dropped 28%. At the same time, Ethereum-based Bored Ape Yacht Club sales jumped 108%, showing strong demand in gaming-related NFTs.

What it means for Immutable:
This is a positive sign for IMX, indicating that gaming NFTs are still in demand despite the wider market slowdown. Continued interest in Web3 gaming could help balance out the negative effects seen in other NFT areas. (Crypto.News)

3. Ubisoft Launches NFT Game (Oct 30, 2025)

What happened:
Ubisoft teamed up with Immutable to launch Might & Magic: Fates, a strategy card game that includes optional NFT features. Players can compete without buying NFTs, aiming to attract mainstream gamers while using Immutable’s gas-free zkEVM technology for smooth gameplay.

What it means for Immutable:
This is a strong long-term opportunity for IMX, showing that major game studios see value in its platform. The partnership could bring traditional gamers into the Web3 space, though success will depend on how many players adopt the game and how regulations develop. (CCN)

Conclusion

Immutable is facing short-term pressure from a shrinking NFT market but is balancing this with strong gaming partnerships and steady demand for in-game assets. Ubisoft’s move into mainstream gaming on Immutable could be a key step in shifting IMX’s focus from speculative NFTs to sustainable growth in Web3 gaming.

What is expected in the development of IMX?

Immutable’s roadmap is focused on expanding Web3 gaming infrastructure and attracting more users:

1. Immutable zkEVM General Availability (2025) – All developers will have open access.
2. Enhanced Passport Dashboard (Q4 2025) – Easier onboarding and asset management for users.
3. ERC-1155 Orderbook Support (Q4 2025) – More NFT trading options on zkEVM.
4. Checkout Fiat Integration (2026) – Buy NFTs directly with credit cards.

In-Depth Look

1. Immutable zkEVM General Availability (2025)

What it is:
Immutable zkEVM is a Layer 2 blockchain built on Ethereum, optimized for gaming. In 2025, it will move beyond its limited access phase, allowing any developer to create smart contracts. This follows its merger with Immutable X earlier that year to combine liquidity and developer tools (Messari).

Why it matters:

• Positive: This opens the door for many game studios to join, potentially increasing the use of IMX as the network’s native transaction token.
• Potential challenge: Delays or technical issues could slow down how quickly developers adopt it.

2. Enhanced Passport Dashboard (Q4 2025)

What it is:
Immutable Passport is a non-custodial wallet, meaning users control their own assets. The upcoming dashboard update will add features like easier ways to add funds, transfer assets between blockchains, and clear transaction summaries (Product Roadmap).

Why it matters:

• Positive: Makes it simpler for everyday gamers to start using Web3 games, supporting Immutable’s goal to onboard over 100 million users.
• Neutral: Success depends on partnerships with payment services and exchanges.

3. ERC-1155 Orderbook Support (Q4 2025)

What it is:
The Immutable Orderbook is a shared marketplace for NFTs. Soon, it will support ERC-1155 tokens, which are semi-fungible assets often used for in-game items. This will help games monetize these items more effectively on zkEVM.

Why it matters:

• Positive: Improves NFT trading for games like Gods Unchained and Illuvium, potentially increasing platform fees paid in IMX.
• Potential challenge: Needs major game studios to adopt it for significant growth.

4. Checkout Fiat Integration (2026)

What it is:
Immutable Checkout will allow users to buy NFTs directly with credit or debit cards, removing the need for a crypto wallet—especially helpful for new users (Immutable’s mobile gaming push).

Why it matters:

• Positive: Could lead to a 5 to 10 times increase in users who aren’t familiar with cryptocurrencies.
• Neutral: Regulatory rules around NFT sales are still evolving and could impact this feature.

Conclusion

Immutable is investing heavily in building the infrastructure to connect traditional gaming (Web2) with blockchain gaming (Web3). The full launch of zkEVM and the addition of fiat payment options are key upcoming milestones. While technical challenges and getting big game studios on board remain hurdles, the roadmap fits well with the growing trend of digital ownership in gaming. The question remains: will IMX’s rewards and fee system attract enough users as the ecosystem expands?

What updates are there in the IMX code base?

Immutable is making important updates to its technology by merging its blockchain networks and improving how rewards are given to users.

1. Chain Merger Completion (June 2025) – Immutable X and zkEVM combined into one blockchain.
2. Staking Model Overhaul (June 2025) – Rewards now depend on NFT transaction fees and are paid every two weeks.
3. Direct Exchange Integration (August 2025) – MEXC exchange users can move IMX tokens to zkEVM directly, without using bridges.

Deep Dive

1. Chain Merger Completion (June 2025)

Overview: Immutable combined its two Layer-2 blockchains, Immutable X and zkEVM, into a single network. This unifies its gaming and NFT platforms.

The goal was to reduce complexity and make it easier for developers to build apps that work with Ethereum-compatible tools, while keeping the benefits of fast and low-cost transactions. The new combined chain can handle up to 9,000 transactions per second with almost no fees. Node operators had to switch to the new chain by June 19, 2025, to keep earning staking rewards.

What this means: This is good news for IMX holders because it simplifies the system, makes development easier, and strengthens Immutable’s role in gaming-focused blockchain solutions. Users will enjoy quicker transactions and better liquidity.
(Source)

2. Staking Model Overhaul (June 2025)

Overview: Immutable changed how staking rewards are calculated. Instead of fixed weekly IMX payouts, rewards are now based on 2% of the fees generated from NFT transactions every two weeks.

This means rewards are directly linked to how much the platform is used. Stakers had to move their tokens from Immutable X to zkEVM, and there was no snapshot for old rewards, which caused some uncertainty.

What this means: This change is neutral for IMX in the short term. While it better aligns rewards with platform growth, the lack of clarity on previous rewards caused some confusion. Over time, this model encourages more activity on the platform.
(Source)

3. Direct Exchange Integration (August 2025)

Overview: Immutable made it possible for users on the MEXC exchange to deposit and withdraw IMX tokens directly to and from the zkEVM chain without using complicated bridge systems.

This uses Immutable’s custom technology to confirm transactions in under 5 minutes, making it easier for over 40 million MEXC users to access Immutable’s games and NFTs.

What this means: This is positive for IMX because it removes barriers for users, potentially increasing transaction volume and staking participation.
(Source)

Conclusion

Immutable’s updates focus on making the platform faster, easier for developers, and more accessible for users by combining chains and improving integrations. The big question is whether growing NFT activity on zkEVM will support the new reward system over time.

Why did the price of IMX fall?

Immutable (IMX) dropped 3.87% in the last 24 hours, underperforming the overall crypto market, which fell by about 1.2%. The main reasons are:

1. NFT Market Slowdown – A broad sell-off affected gaming and NFT-related tokens.
2. Technical Weakness – Indicators show the token is oversold but lack signs of a strong rebound.
3. Shift to Bitcoin – Investors are moving money into Bitcoin due to uncertainty in the market.

In-Depth Analysis

1. NFT Market Slowdown (Negative Impact)

What’s happening:
The total value of the NFT market dropped by 45% over the past month, now sitting at $3.5 billion (CoinGecko, Nov 5, 2025). Popular NFT collections like CryptoPunks and Bored Apes saw their lowest prices fall by 40–60%. Immutable’s NFT projects, such as Guild of Guardians, experienced a 31–35% drop in sales compared to last month, reflecting a wider decline in market activity.

Why it matters:
Since IMX focuses on gaming and NFTs, it’s very sensitive to changes in NFT trading. Less trading means fewer fees for the platform and less demand for staking, which reduces the token’s usefulness and value.

What to watch:
Look for signs that Ethereum NFT trading volumes, currently at $41.7 million (down 25.5% month-over-month), start to stabilize.

2. Technical Analysis (Bearish Signals)

Current status:
IMX is trading at $0.407, below important moving averages:

• 7-day average price: $0.470
• 30-day average price: $0.531

The Relative Strength Index (RSI) is at 33.42, indicating the token is close to being oversold but not yet showing strong buying interest. The MACD indicator is negative at -0.0048, confirming downward momentum. The price is struggling to break above the $0.416 level, which acts as short-term resistance.

What this means:
If IMX falls below $0.40, it could test its lowest price this year around $0.345. To reverse the downtrend, the price needs to close above $0.47.

3. Market Sentiment Shifts Toward Bitcoin (Mixed Effects)

Market context:
Bitcoin’s share of the total crypto market (dominance) rose to 60.02% as of November 6, 2025. Meanwhile, the Altcoin Season Index dropped to 23, signaling a “Bitcoin Season” where investors favor Bitcoin over other cryptocurrencies. Traditional finance (TradFi) ETFs are seeing outflows of about $600 million weekly, and uncertainty around Federal Reserve interest rate decisions is increasing caution among investors.

Impact on IMX:
As a mid-sized altcoin, IMX is affected by this shift, with money moving into Bitcoin and stablecoins. Its 30-day correlation with Bitcoin has dropped to 0.62, meaning it’s less likely to benefit from Bitcoin’s price increases right now.

Summary

The recent drop in Immutable (IMX) reflects weakness in the NFT market, negative technical signals, and a cautious market environment favoring Bitcoin. While the token is oversold and could see a short-term bounce, a lasting recovery depends on renewed interest in NFTs and an overall improvement in crypto market sentiment.

Key level to watch: Can IMX hold above $0.40, or will Bitcoin’s dominance push it down toward $0.35?