IMX trades at $1.34 after gaining over 10% in the past 24 hours. It looks poised for further gains, with the 100% surge in daily trading volume suggesting extended gains for the token.

In the short term, the momentum from the partnership announcement and altcoin rally could push IMX toward $1.07 and then $2. Whale activity and market sentiment will play a key ole in this.

SEC Goes After Another Crypto Firm, Slaps Immutable With Wells Notice The firm’s IMX token is down over 13% at $1.16 following the announcement.