IMX surges 15% after Immutable says SEC ended probe

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🤣📈 IMX Token Tornado: SEC Drops Probe, Prices Soar! 🌪️

IMX surges 15% after Immutable says SEC ended probe

As the world teetered on the brink of chaos, the crypto community breathed a collective sigh of relief this morning, as the Immutable token IMX shot up by a whopping 15% in a matter of hours. Because, you know, that’s exactly what we needed – another reason to question the sanity of our financial decisions.

The token, tied to the crypto gaming giant Immutable, rose to nearly $0.74 on March 25, after the US Securities and Exchange Commission closed its investigation into the firm and declared it had found no breach of violations. Because, of course, the SEC is always on the lookout for ways to ruin our lives.

IMX: The Token That Refuses to Die

It’s the highest price that IMX has reached since March 3, when the token was still clinging to life, before the broader market began its downward spiral, driven by the perpetual uncertainty of US President Donald Trump’s tariffs and interest rates. Ah, the joys of living in a country where politics is a never-ending game of Jenga.

At the time of publication, IMX had retreated back to $0.67, but don’t worry, it’s still a long way from its all-time high of $9.32 in November 2021. But hey, who needs a stable economy when you can have a token that’s worth a few cents?

While the token price soared on the positive news, it barely batted an eye when Immutable announced in November it had been issued a Wells notice. I mean, who needs a Wells notice, anyway? It’s not like it’s a threat to digital ownership rights or anything.

Immutable co-founder Robbie Ferguson took to X to proclaim that the SEC’s dropped investigation was “an enormous win for Web3 gaming.” Because, of course, the fate of the world rests on the shoulders of a few crypto enthusiasts.

“After a year of fighting, this threat to digital ownership rights has finally been put to rest,” Ferguson said, no doubt sipping champagne and celebrating the victory of the crypto overlords.

And so, the market continues to dance to the tune of speculation and hype, with several gaming crypto tokens seeing an upswing over the past 24 hours. Gala (GALA) is up 2.78%, The Sandbox (SAND) is up 3.78%, FLOKI (FLOKI) is up 1.91%, and Axie Infinity (AXS) is up 1.50%. Because, why not?

IMX hit its all-time high of $9.32 in November 2021, during a major rally in gaming tokens. There’s been speculation about when gaming tokens will experience another significant uptrend, as they’ve historically surged after the broader crypto market moves first. But hey, who needs a stable economy when you can have a token that’s worth a few cents?

However, over the past 30 days, the total market cap of gaming tokens has dropped 3.65% to $13.13 billion, while trading volume has taken a bigger hit, falling 33.45% to $1.75 billion. Because, of course, the crypto market is always a wild ride.

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2025-03-26 09:03