NFT Platform ImmutableX’s IMX Token Rallies

IMX, the native token of non-fungible tokens platform ImmutableX, surged on Thursday, led by South Korean traders. The cryptocurrency rose 35% to 74 cents during Asian trading hours, CoinDesk data show. Major cryptocurrencies like bitcoin (BTC), ether (ETH), XRP and BNB traded 0.5% to 1% lower. The IMX price rally is accompanied by an over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won (IMX/KRW) pair listed on South Korea’s Upbit exchange accounted for nearly 20% of the global activity, followed by Binance’s IMX-tether (IMX/USDT) pair, which contributed 7% to the total volume, according to data source Coingecko.