Immutable (IMX) has experienced a significant decline in price following a Wells Notice issued by the SEC. The notice is believed to be targeting the "listing and private sales" of IMX tokens. Despite this regulatory scrutiny, Immutable maintains its innocence. This news has caused a negative sentiment towards IMX, and combined with the upcoming token unlock, the price may continue to decline. The social dominance of IMX has increased, suggesting attention has focused on the project, but this may be due to concerns over recent negative news. The price has fallen below the EMAs, indicating a bearish trend, and it may decrease further to $1.08. However, if demand for IMX increases, the price may rebound to $1.62.



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