IMX surges 15% after Immutable says SEC ended probe

From Cointelegraph
March 26, 2025 2:01 am:

The Immutable token surged 15% after the SEC closed its investigation with no further action. IMX reached $0.74 before dropping to $0.67. A move back to $0.70 could wipe $449,500 in short positions. Co-founder Robbie Ferguson called it “an enormous win for Web3 gaming.” Other gaming tokens like Gala and The Sandbox also saw gains. IMX hit an all-time high of $9.32 in November 2021.

Read more at CoinTelegraph: IMX surges 15% after Immutable says SEC ended probe