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