Recently, a whale/institutional address that had been selling off IMX transferred another 9.03 million IMX to Binance.

BlockBeats News, April 5th, According to on-chain data analyst Yu Jin's monitoring, 2 hours ago, a whale/institutional address that has been continuously selling IMX recently continued to transfer out 9.03 million IMX (approximately $4.05 million) in the same manner: first deposited into FalconX, then transferred from FalconX to Binance.

This address has sold a total of 26.2 million IMX (approximately $13.72 million) in the past 9 days, causing the IMX price to drop by 39% (0.72→0.44).