According to Coinjie.com, according to Ember Monitoring, the price of IMX rose after the SEC concluded its investigation into Immutable. A whale or institutional account took advantage of the situation and sold 17.17 million IMX (approximately $9.67 million) in the past 8 days, with an average price of $0.56. After the investigation ended news was announced, the account transferred IMX to the institutional brokerage platform FalconX, and then from FalconX to Binance.