Attention: The Whale Of This Altcoin Has Started Selling, Lowering The Price!

Ethereum A gaming ecosystem built on the blockchain. illuvium and altcoin on ILV interesting developments are taking place.

ILV Altcoin Whale Unlocks Large Amount of Tokens

According to on-chain data, the initial whale address 0x7d42, one of the largest whales in the ILV altcoin ecosystem, has unlocked 46,050 tokens. These tokens are worth $2.22 million.

The total market value of the ILV token is around $86 million at the time of this writing.

The same account then sold 9,172 of these tokens for 441,669 USDC. this sale cryptocurrency caused a decrease of approximately 2% in the graph.

Then, according to the time of this writing, it made another 2,500 token sale about 3 hours ago.

The whale still has around 34,000 ILV altcoins in its wallet.

What is ILV?

Illuvium is known as an open world fantasy war game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium aims to provide a source of entertainment to casual gamers and die-hard DeFi fans alike, through a host of collectibles and trading features.

The ILV token has a number of uses within the Illuvium ecosystem. Used to reward players for their in-game achievements, the main token entitles players to a share of the Illuvium Vault and is used to participate in the management of the game through the Illuvium decentralized autonomous organization (DAO).

Illuvium has been in development since 2020.

*Not investment advice.