Immutable (IMX) saw a sharp 12% price drop following the Binance hack, falling below key support levels to $0.106 before a slight rebound. The decline was driven by heavy selling in the derivatives market, with increased sell volume and falling open interest indicating traders closing positions to reduce risk. Meanwhile, spot investors withdrew tokens from exchanges, which could reduce selling pressure and support a potential recovery. Momentum indicators suggest continued bearish pressure, but sustained withdrawals might help IMX stabilize and recover above $0.12 if market sentiment improves.
IMX trades at Rp2.253 on Pluang as of Oct 31, 2026 09:21 WIB, down 0.44% in the last day. Despite the recent sharp drop noted in the article, Pluang shows a full buy order activity at 100%, indicating strong buying interest. The market cap stands at Rp4,59 trillion with a 24-hour volume of Rp386,88 million, suggesting steady trading activity.
