105% $IMX circulating and 12.7% total supply (254.862.617 $IMX) are going to be unlocked in the upcoming vesting on November 5th, for the investors buying in the private sale.
So what is waiting us all ahead?
1. Out of $IMX Total Supply:
The $IMX circulating and held in individual wallets are still very low. Upcoming unlocking will greatly change $IMX whale rankings.
2. Out of 254.862.617 $IMX are going to be unlocked:
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134M will be used for developing $IMX.
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120M (~6% total supply, ~$70M) will be sent to private investors buying at $0.1 (ROI +489.4%).
We see a $70M selling pressure from them to avoid risks as this is their first vesting so far. You should be preparing.
3. Allocation:
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77% $IMX total supply will be used for its project and ecosystem development, such as improving their protocol, user rewards, development grants, liquidity and marketing plans.
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75.3% still remain after the upcoming vesting.
Such allocation promises a bright future ahead.
4. Treasury Wallet:
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Based on the allocation, this treasury wallet is used for $IMX development. 1.5M $IMX were deposited on FTX on Oct 30.
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Before that, another wallet getting $IMX from this wallet also deposited on Binance.
Good news will come then, indeed there was one shortly after this.
5. Out of 10 $IMX Balance Change Wallets in the past 30 days:
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Largest withdrawals from the 3 wallets are ranked among 5 $IMX largest holders.
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Largest deposits are more equal.
Please note that the 2M deposit means nothing but a transaction from the treasury above.
$IMX selling pressure in the past 30 days were stronger and mainly came from the whales who cut losses. It was partly digested by smaller holders who are accumulating more $IMX.
6. Looking at the 3 $IMX Largest Holders
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0xf0fa shows signs of dumping recently, with a selling pressure of 8.1M $IMX.
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0xd8d6 is cutting loss before the vesting, or this one is in need of some funds for another purpose.
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0x491f shows no sign.
5. The Remaining Top Holders:
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In contrast, others in Top 5 – 20 wallets had been accumulating ~18M $IMX since May to August, most of which were created in May 2022.
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They are still showing signs of buying.
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Supply decreased due to their accumulation, but rising demand will better the price.
This upcoming vesting will strongly raise $IMX supply, and it does take time for the market to digest such increase.
So you need to observe more.
Above are our analysis on $IMX upcoming vesting.
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