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Immutable price: IMX surges 17% to outpace top altcoins

  • Immutable price soared 17% as bulls jumped to $0.96 amid gains for altcoins.
  • The IMX token has swung bullish after Immutable’s 2.9 million IMX token rewards.
  • Growth on web3 gaming and regulatory clarity are potential catalysts for IMX price.

Immutable (IMX) has surged 17% in the past 24 hours and more than 50% over the week as gains put IMX among the top performers on the day.

Gaming partnerships, enhanced token rewards, and favorable regulatory developments have all helped IMX price in recent weeks, and the token currently outpaces top altcoins.

Altcoin rally and Immutable’s 17% price gain

Immutable’s explosive growth is promoted by a series of high-profile partnerships that have strengthened its position in the web3 gaming sector.

A notable collaboration with South Korean gaming giant Netmarble, has expanded Immutable’s reach into mainstream gaming markets in addition to a recent integration with Chainers, a web3 MMO game, unveiled on September 16, 2025.

These partnerships, alongside earlier collaborations with Ubisoft and GameStop, have driven on-chain activity.

Notably, Messari’s Q1 2025 report noted a 5.7% quarter-on-quarter increase in daily transactions on the platform.

The merger of Immutable with Immutable’s zkEVM chain, forming the “Immutable Chain,” has further optimized scalability, attracting developers and players alike.

These developments have cemented Immutable’s reputation as a leading platform for NFT-based gaming, contributing significantly to IMX’s recent price surge.

The IMX token has shown resilience, rising to a rank of 90th among top cryptocurrencies after previously falling out of the top 100 earlier this year.

This uptrend provides a notable contrast to the broader crypto gaming sector, which has faced significant headwinds.

Numerous projects in the space have reportedly ceased operations due to funding challenges and unsustainable economic models.

IMX price gains amid rewards

Immutable’s mobilization is also driven by enhanced token rewards and positive regulatory shifts, with recently increased weekly IMX token rewards to approximately 2.9 million, boosting liquidity and incentivizing user participation.

A partnership with Seychelles-based MEXC exchange enables seamless token transfers to Immutable’s zkEVM chain, enhancing accessibility for investors.

Immutable co-founder Robbie Ferguson highlighted some of the milestones for IMX over the past year. He shared this via X.

Catalysts for IMX price?

Developments in regulatory front also helped IMX’s surge.

In March, the US Securities and Exchange Commission (SEC) concluded its probe into Immutable.

The move signaled a more favorable stance toward blockchain gaming.

Additionally, the SEC’s approval of generic listing standards for commodity-based trust shares has improved sentiment for altcoin ETFs, indirectly benefiting IMX.

Immutable price chart by CoinMarketCap

The token could break above the psychological level of $1 in coming weeks after it hit highs of $0.96, its highest mark since February.

While Immutable’s rally aligns with strong fundamentals related to web3 gaming, and broader market optimism, traders may derail the momentum over the past month.

Mainly, the corrections will be down to profit taking and a downturn for the market. In this case, $0.45 and $0.30 are key support zones.

The post Immutable price: IMX surges 17% to outpace top altcoins appeared first on CoinJournal.

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Dogecoin and XRP ETFs draw massive volume on first day of trading

  • New US ETFs for Dogecoin and XRP debut with $54.7M trading volume.

  • XRP ETF leads with $37.7M, biggest day-one of any 2025 ETF launch.

  • Dogecoin ETF hits $17M, far above initial forecasts of $2.5M.

The first US-listed exchange-traded funds tied to Dogecoin and XRP debuted Thursday with far heavier demand than expected, posting a combined $54.7 million in trading volume.

Bloomberg ETF analyst Eric Balchunas noted that most new ETFs average about $1 million in first-day activity.

“No slouch,” he wrote on X, calling the funds’ debut “a good sign for the onslaught” of pending crypto ETFs awaiting regulatory approval.

Issuers have submitted multiple applications for crypto ETFs, including those linked to speculative altcoins and products incorporating mechanisms such as staking.

XRP ETF posts record opening

The REX-Osprey XRP ETF (XRPR) saw $37.7 million in volume, according to Cboe data, marking the biggest first day for any ETF launch in 2025.

Within its first 90 minutes of trading, XRPR had already taken in $24 million.

“That is way more than I would have thought,” Balchunas said, noting it was five times higher than the debut volume of XRP futures ETFs.

Dogecoin ETF beats forecasts

The REX-Osprey DOGE ETF (DOJE) also surprised, finishing the session with $17 million in trades.

Balchunas had initially expected only $2.5 million in volume, a level he said would have been “respectable but nothing too special.”

Instead, DOJE’s performance put it among the top five ETF debuts of more than 700 launches this year.

Regulatory structure and outlook

Both funds were launched under the Investment Company Act of 1940, rather than the Securities Act of 1933, used by last year’s Bitcoin and Ether ETFs.

The “40 Act” framework allows for faster approval — 75 days compared to 240 — but imposes restrictions on holdings.

XRPR and DOJE do not directly own crypto.

Instead, they invest in a Cayman Islands subsidiary that holds digital assets, along with stakes in European and Canadian exchange-traded products that track the coins’ prices.

The strong start comes as issuers await approval for dozens of other crypto ETFs, including altcoin-focused products and funds tied to staking.

The Securities and Exchange Commission this week approved new ETF listing standards that could accelerate the pipeline.

The post Dogecoin and XRP ETFs draw massive volume on first day of trading appeared first on CoinJournal.