Immutable X token IMX will attract a large unlock on November 5th, accounting for 12.743% of the total IMX supply

According to TokenUnlocks data, the token IMX of Immutable X, the Ethereum NFT layer-2 expansion plan, will attract a large amount of unlocking on November 5, with a total of 254,862,617.5 pieces (worth about 149 million US dollars), accounting for 12.743% of the total supply of IMX . Among them, 134 million pieces (6.73% of the total supply) belong to the project team, and 120 million pieces (6.01% of the total supply) are private placement shares. Foresight News previously reported that Robbie Ferguson, co-founder of ImmutableX, said on Twitter that for the upcoming large unlocking of IMX tokens, part of the team will continue to be locked for at least one year, and a large part of the unlocking share is for it. Major shareholders of strategic investments will not choose to sell unlocked tokens.