33.92
The 842M circulating supply is the smoking gun.You are currently holding a token that is being diluted by a massive 1.1 billion token overhang. While the project claims to be an industry leader, the $561K TVL tells the real story, nobody is actually putting their money into the ecosystem yet.
You are buying into a Technical Monument a beautiful piece of engineering that currently lacks the financial heartbeat to sustain its valuation. Until the TVL catches up to the Market Cap, you are just providing exit liquidity for the ecosystem's development unlocks.
https://defillama.com/protocol/immu… Read full review about Immutable
You are buying into a Technical Monument a beautiful piece of engineering that currently lacks the financial heartbeat to sustain its valuation. Until the TVL catches up to the Market Cap, you are just providing exit liquidity for the ecosystem's development unlocks.
https://defillama.com/protocol/immu… Read full review about Immutable