Immutable Token Price Drops 12% Following SEC Wells Notice
IMX Token Falls to $1.149 After Receiving SEC Wells Notice
According to HTX market data, the Immutable token (IMX) price plummeted by about 12% to $1.149 due to the Securities and Exchange Commission (SEC) sending a Wells Notice.
Immutable revealed it received the notice last month, which may lead to enforcement actions from the SEC. A letter detailing alleged securities law violations was also sent to Immutable’s CEO, James Ferguson, and the Digital Worlds Foundation, involved in issuing the IMX token.
