Immutable (IMX), an Ethereum Layer 2 scaling solution, gained over 15% and reached as high as $0.88.
In addition, IMX's trading volume and market capitalization increased significantly.
Behind the rise of IMX was the listing of Upbit, South Korea's largest cryptocurrency exchange.
Upbit said in a statement that IMX trading will begin on July 28 at 04:00 UTC, and it only accepts IMX deposits from the Ethereum network.
What is Immutable (IMX)?
Immutable is a Layer 2 scaling solution on the Ethereum blockchain that specializes in NFT mining and trading and provides APIs and development tools for NFT and Web3 games.
IMX continues to trade at $0.7976 at the time of writing.
*Not investment advice.