IMX Token Price Spikes 38% to $0.76 on Korean Exchange Trading Frenzy, But Traders Bet on Imminent Decline

IMX token price surged 38% to $0.76 due to high trading volumes from South Korean exchanges like BW.com and Upbit.
Daily trading volume for IMX reached $664 million, over 6 times the 30-day average of $109 million.
Price may see a cascading downside once pump in Korean exchanges ends, as per Jarvis Labs co-founder.
Traders aggressively placing IMX short orders, with funding rate as high as -0.25% for 8 hours.
IMX last trading at $0.68, around 25% higher than yesterday.

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