Immutable, the Web3 gaming company, disclosed that it received a Wells Notice from the U.S. Securities and Exchanges Commission (SEC) on Oct. 31, and its token is taking a beating as a result.
Immutable’s native token, IMX, is down nearly 14% in the last 24 hours, falling to $1.13 from $1.3 prior to the announcement.
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#undefined [Source: TheDefiant]