Large ILV Sale Causes Price Drop

According to BlockBeats, on September 23, Lookonchain monitoring revealed that the address luggis.eth extracted 70,764 ILV tokens (approximately $2.86 million) from the blockchain game Illuvium's address 45 minutes prior. Subsequently, luggis.eth sold 40,000 ILV tokens (approximately $1.54 million), resulting in a price drop of about 7.8% for ILV. Currently, luggis.eth still holds 221,046 ILV tokens (approximately $8.25 million).