According to Ember, IMX prices rose after the SEC concluded its investigation of Immutable. One whale or institutional account took advantage of the situation to sell 17.17 million IMX (about $9.67 million) in the past eight days, with an average price of $0.56. After the announcement of the end of the investigation, the account transferred IMX to the institutional brokerage platform FalconX, and subsequently transferred from FalconX to Binance.