SEC sends Wells Notice to Immutable, IMX price drops sharply

- On November 1st, Immutable, the blockchain gaming platform, received a Wells Notice from the SEC, causing significant disappointment. According to Immutable, this notice alleges securities law violations without providing specific details.

- The price of the IMX token has dropped over 14% in the past 24 hours, falling below $1.40 following this information.

- Immutable stated that the notice from the SEC lacks detailed explanation and was sent within just a few hours, not following the usual process.

- Immutable is confident that the IMX token is not a security and is ready to fight if necessary. 🚀