$IMX High Volatility is Waiting Ahead?

$IMX HIGH VOLATILITY AHEAD?

105% $IMX circulating and 12.7% total supply (254.862.617 $IMX) are going to be unlocked in the upcoming vesting on November 5th, for the investors buying in the private sale.

So what is waiting us all ahead?

1. Out of $IMX Total Supply:

  • 88% are still locked.
  • 8.3% are on the exchanges.
  • 1.6% are on the bridges.
  • 2.1% are on Ethereum-blockchain wallets.

The $IMX circulating and held in individual wallets are still very low. Upcoming unlocking will greatly change $IMX whale rankings.

2. Out of 254.862.617 $IMX are going to be unlocked:

  • 134M will be used for developing $IMX.
  • 120M (~6% total supply, ~$70M) will be sent to private investors buying at $0.1 (ROI +489.4%).

We see a $70M selling pressure from them to avoid risks as this is their first vesting so far. You should be preparing.

https://preview.redd.it/omotvhot5hx91.png?width=826&format=png&auto=webp&s=43aaad0a845dd9e709f1eae27a07dbaa22763b2e

3. Allocation:

  • 77% $IMX total supply will be used for its project and ecosystem development, such as improving their protocol, user rewards, development grants, liquidity and marketing plans.
  • 75.3% still remain after the upcoming vesting.

Such allocation promises a bright future ahead.

https://preview.redd.it/d3m3wzju5hx91.png?width=611&format=png&auto=webp&s=02959efa8df4fa077ff6c2a5ab2233f2fd64352d

4. Treasury Wallet:

  • Based on the allocation, this treasury wallet is used for $IMX development. 1.5M $IMX were deposited on FTX on Oct 30.
  • Before that, another wallet getting $IMX from this wallet also deposited on Binance.

Good news will come then, indeed there was one shortly after this.

https://preview.redd.it/r965zl236hx91.png?width=1267&format=png&auto=webp&s=061ae30a7d76c42a83e4307091a535e780d806be

5. Out of 10 $IMX Balance Change Wallets in the past 30 days:

  • Largest withdrawals from the 3 wallets are ranked among 5 $IMX largest holders.
  • Largest deposits are more equal.

Please note that the 2M deposit means nothing but a transaction from the treasury above.

$IMX selling pressure in the past 30 days were stronger and mainly came from the whales who cut losses. It was partly digested by smaller holders who are accumulating more $IMX.

https://preview.redd.it/nt6pm9r46hx91.png?width=1167&format=png&auto=webp&s=0bd109b7ee4f5fbeb81f536cf1018081ffefe078

6. Looking at the 3 $IMX Largest Holders

  • 0xf0fa shows signs of dumping recently, with a selling pressure of 8.1M $IMX.
  • 0xd8d6 is cutting loss before the vesting, or this one is in need of some funds for another purpose.
  • 0x491f shows no sign.

https://preview.redd.it/kg0yqt476hx91.png?width=1284&format=png&auto=webp&s=2907dcf1649abdfa1c93b8fa937ec1b8bfa98542

https://preview.redd.it/eedsacp96hx91.png?width=1279&format=png&auto=webp&s=f7f65c5055bc7b4981610630cf1e40dd9dcbb74c

5. The Remaining Top Holders:

  • In contrast, others in Top 5 – 20 wallets had been accumulating ~18M $IMX since May to August, most of which were created in May 2022.
  • They are still showing signs of buying.
  • Supply decreased due to their accumulation, but rising demand will better the price.

This upcoming vesting will strongly raise $IMX supply, and it does take time for the market to digest such increase.

So you need to observe more.

Above are our analysis on $IMX upcoming vesting.

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https://coinmarketcap.com/currencies/immutable-x/

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