Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Oxumare on February 05, 2022, 12:48:09 PM
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The price of the IMX token has dropped by nearly 40% in the last two days. Why ?
Yes, GameStop, which received millions of IMX tokens as a grant under the agreement reached with Immutable X, sold some of it.
GameStop recently announced that it has partnered with Immutable to create its own NFT marketplace.It would receive a grant of over 50 million IMX tokens from Immutable. In the statement, it was stated that Immutable X will provide IMX to GameStop for a total of approximately 150 million dollars.
It has been noticed that approximately 20 million of these tokens have been sold today.
It's a sad situation.