Whales Focus on IMX Coin and Nine Others: A Deep Dive into Crypto Market Trends
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- Bitcoin and altcoins continued their downward trend in early May, with BTC price falling to $56,500.
- However, a market recovery was observed, pushing BTC price close to the $62,000 mark.
- Whales took advantage of this situation and turned to altcoin purchases, with IMX coin being among the most purchased cryptocurrencies in the last 24 hours, according to on-chain data tracking platform Nansen.
Bitcoin and altcoins experienced a market downturn in early May, but a subsequent recovery saw whales turning to altcoin purchases, with IMX coin being a popular choice.
IMX Coin and Other Cryptocurrencies on Nansen’s List
As Bitcoin and altcoins continued their downward trend, BTC price fell to $56,500. However, a market recovery was observed, pushing BTC price close to the $62,000 mark. During this period, whales became active and started purchasing altcoins. According to Nansen, the most purchased cryptocurrencies in the last 24 hours were USDC, ZENT, COMP, and IMX.
