Millions in IMX and XDC Leave Exchanges—Are Whales Preparing for a Big Rally?

Immutable X (IMX) and XinFin’s XDC Network are gaining renewed market attention as the Web3 gaming and real-world asset (RWA) narratives continue to strengthen across the crypto space. Both tokens have witnessed a notable rise in market activity and investor interest amid growing optimism surrounding blockchain gaming adoption and institutional-focused tokenization infrastructure.

Amid the rising momentum, onchain data reveals millions are exiting the platform, reducing the selling pressure on the token. Could this signal the beginning of a larger rally ahead, or is the market preparing for increased volatility in the coming sessions?

Million Exit from Altcoins Signaling Rising Whale Accumulation

According to the latest data shared by Santiment, Immutable X (IMX) and XinFin’s XDC Network recorded their biggest exchange outflows of 2026 within a single day. The platform reported net outflows of nearly 4.67 million IMX tokens and more than 10.38 million XDC tokens leaving exchange wallets, highlighting a sudden spike in whale activity.

The sharp decline in exchange balances suggests that large holders may be moving tokens into private wallets or long-term custody solutions rather than keeping them readily available for selling. Historically, such exchange outflows are considered a bullish indicator because they reduce the immediate circulating supply on trading platforms and often reflect growing investor confidence.

IMX Price Holds Key Support Despite Short-Term Weakness

The daily chart suggests the Immutable X (IMX) price continues to trade within a broader ascending channel despite facing short-term selling pressure over the past few sessions. After a strong recovery from the April lows, the price has now pulled back toward the mid-range support zone near $0.16, where buyers appear to be attempting to regain control.

The recent decline has pushed the RSI back toward neutral levels, indicating that the overheated bullish momentum has cooled significantly. Meanwhile, the MACD remains under bearish pressure after witnessing a negative crossover, suggesting that the bulls still need stronger momentum to confirm a fresh recovery rally. However, the broader price structure continues to remain constructive as long as IMX sustains above the lower ascending trendline support.

A successful move above this range could open the doors for another rally toward the upper channel resistance near $0.18 to $0.22 in the coming sessions.

XDC Price Attempts Recovery After Breaking Key Downtrend Resistance

The daily chart suggests XDC Network price is attempting to recover after breaking above a long-standing descending trendline resistance that had capped the price action for several months. Following an extended downtrend, the token has started showing early signs of stabilization near the $0.029 support zone, while buyers continue attempting to build momentum above the short-term resistance levels.

The price continues to face strong resistance near the $0.037 to $0.038 range, which aligns with a major supply zone and the upper resistance barrier highlighted on the chart. Meanwhile, the Gaussian Channel indicators still maintain a broader bearish structure, suggesting the bulls need sustained momentum to confirm a larger trend reversal. Despite the short-term volatility, the price structure appears to be gradually improving as XDC continues forming higher lows after reclaiming the descending resistance trendline. 

If the bulls manage to sustain above the $0.029 support and break past the overhead resistance zone, the token could witness a stronger recovery rally in the coming sessions.

Wrapping It Up—Are IMX and XDC Preparing for a Bigger Move?

Both IMX and XDC are showing early signs of accumulation as whales continue pulling large amounts of tokens off exchanges amid strengthening sector narratives. While IMX is benefiting from growing optimism around Web3 gaming, XDC continues gaining traction from the expanding real-world asset and enterprise blockchain narrative.

The improving technical structures and rising exchange outflows suggest investors may be positioning for a larger move ahead. However, both tokens still need to overcome crucial resistance zones before confirming a sustained bullish breakout in the coming sessions.