Immutable (IMX) Up By 23% In A Single Day, Analyst Suspects Market Manipulation

IMX, native token of Ethereum layer-2 scaling solution Immutable X, recorded massive gains on Thursday, soaring by over 23% within the last 24 hours. Before this price gain, IMX had been relatively stable all week, hovering around the $0.52 price zone, according to data from Coingecko.
Behind IMX’s Rise, Analysts Points To Price Manipulation
Although there may be no clear reasons for the token’s positive price movement, Chinese reporter Colin Wu speculated about potential price specu