Altcoin Founder Caused a Drop in Price with His Large Sales!

Anton Bukov, the founder of the decentralized finance (DeFi) protocol 1inch (1INCH), attracted attention with his million-dollar sale of an altcoin.

Reported by on-chain analysis platform Lookonchain to data according to January 25 action on the day Anton Bukovblockchain-based gaming platform $1.1 million sale in Illuvium (ILV) made.

Firstly $1.86 million worth Unlock 25,186 ILV opened by Anton Bukov, then these beings 15,186 of them via 1inch platform to 1.1 million USDC Coins (USDC) turned it over. Bukov’s sales at an average price of $73.36 happened.

There is still about approx. ILV worth $700 thousand is available. In addition, in the same wallet Ethereum (ETH) worth $1.3 million It is located. Anton Bukov did not make any statement regarding the sales.

The sell-off had a negative impact on the ILV price. According to CoinGecko data, in the last 24 hours 5% ILV devalued, from $77.84 for $71.56 decreased by . ILV during writing from $71.97 is being traded.


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