The IMX-Korean won pair listed on South Korea's leading exchange Upbit accounted for nearly 20% of the global trading volume.
IMX, the native token of non-fungible tokens platform ImmutableX, surged on Thursday, led by South Korean traders.
The cryptocurrency rose 35% to 74 cents during the Asian trading hours, CoinDesk data show. Major cryptocurrencies like bitcoin , ether , XRP and BNB traded 0.5% to 1% lower. The price rally is accompanied by over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity, followed by Binance's IMX-tether pair, which contributed 7% to the total volume, per data sourceAccording to blockchain sleuth LookonChain, wallets tied to Upbit accumulated 12.53 million IMX as the cryptocurrency surged.
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