Whales accumulating Immutable X (IMX) heavily!

Whales Increased position and buying aggressively even now!

The whales accounts holding between 1 Million to 100 million tokens of IMX increased holdings by more than 58% since Nov '22, and this cohort has been adding aggressively even at increasing price ranges. 


But why?
What's the narrative?


Zero-Knowledge proofs (ZKP) is on the rise, with Polygon launching Zk-EVM last quarter we are seeing more protocols adopting this tech in order to scale up transactions. A zero-knowledge proof is a way of proving the validity of a statement without revealing the statement itself. The ‘prover’ is the party trying to prove a claim, while the ‘verifier’ is responsible for validating the claim. State of Zero Knowledge 2022 Survey reveals over 40% of respondents find ZKPs will be highly important in the DeFi, Metaverse and Web3. We strongly believe this narrative will play an important role in mid 2023.


Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

2

Conversations (0)

No comments yet
Be the first to comment