IMX Token Jumps 15% After SEC Closes Investigation Into Immutable

The IMX token, tied to the popular Web3 gaming firm Immutable, saw a significant surge of 15% on March 25, 2025, after news broke that the U.S. Securities and Exchange Commission (SEC) had closed its investigation into the company. The SEC announced that it would take no further action, bringing an end to the inquiry and marking a major milestone for Immutable.

Following this announcement, IMX briefly reached a high of nearly $0.74, its highest level since March 3, 2025. The price surge was a sharp contrast to the broader market trend that had seen crypto assets fall in recent weeks. This uptick marked a recovery from the $0.46 low the token experienced on March 11, when market uncertainty surrounding factors like U.S. President Donald Trump’s tariffs and rising interest rates created volatility across crypto markets.

As of the latest update, IMX had retraced slightly to around $0.67 but still remained above its previous lows. This move was particularly notable as it could have significant implications for the broader market. According to CoinGlass data, a continued rise back toward $0.70 could trigger the liquidation of about $449,500 in short positions.

Immutable’s Victory and Implications for Web3 Gaming

Immutable’s announcement that the SEC had closed its inquiry without any violations marked the conclusion of a year-long battle for the company. In a March 25 X post, Immutable co-founder Robbie Ferguson called the closure of the SEC’s investigation “an enormous win for Web3 gaming.” He emphasized that the dismissal of the investigation was a significant step toward safeguarding digital ownership rights within the gaming industry, an area often at the forefront of Web3 innovations.

This victory is particularly poignant, given the challenges the firm faced after receiving a Wells notice in November 2024. At the time, the announcement barely moved the token’s price, as the broader market was already experiencing a wave of positive sentiment driven by the anticipation of political shifts. However, the resolution of the investigation has certainly had a much stronger impact on IMX’s value, as the market now sees the closure of this chapter as a sign of progress and stability for Immutable.

Broader Gaming Token Trends

While IMX surged, other major gaming tokens have also seen a positive uptick over the past 24 hours. For example:

• Gala (GALA): Up 2.78%

• The Sandbox (SAND): Up 3.78%

• FLOKI: Up 1.91%

• Axie Infinity (AXS): Up 1.50%

This growth is consistent with the overall shift in sentiment toward gaming tokens, although it’s worth noting that IMX’s recent price jump is still far from its all-time high of $9.32 reached in November 2021 during a major market rally for gaming tokens. Since then, the total market cap of gaming tokens has experienced a 3.65% decline over the past 30 days, with trading volume taking a larger hit, dropping 33.45% to $1.75 billion.

Looking Ahead

The market remains cautiously optimistic about the future of gaming tokens like IMX. Given the close relationship between gaming trends and the broader crypto market, there’s ongoing speculation about when gaming tokens will experience another significant uptrend. Historically, these tokens have surged following major market rallies, suggesting that a positive shift could be on the horizon.

Despite the short-term market fluctuations, the closing of the SEC investigation is undoubtedly a pivotal moment for Immutable and the Web3 gaming ecosystem as a whole. With this regulatory hurdle behind them, the firm is now well-positioned to continue innovating and expanding within the rapidly growing world of decentralized gaming.

For more updates on Immutable and other crypto gaming projects, be sure to follow the company on Twitter and stay tuned to the latest market movements on CoinMarketCap.