A whale known as Luggis.eth produced a significant amount of Illuvium (ILV) by selling altcoin caused a noticeable drop in price.
Whale, 461.7 at a price of $108.61 per ILV Ethereum (ETH) In return, he sold 10,000 ILV, equivalent to $1.09 million. This sale caused a decline in ILV’s price of approximately 3%.
Over the past 24 hours, luggis.eth sold a total of 17,020 ILV for 782.4 ETH, worth $1.84 million, at an average price of $108.23 per ILV. Both sales led to sudden declines in the ILV price. At the time of writing this article, ILV price is trading at $108.03.
Despite these sales, luggis.eth still has a significant amount of ILV. The whale holds 381,356 ILV farmed at short address 0x2079c, valued at $40.7 million.
Interestingly, while luggis.eth sells ILV, Maker (MKR) It accumulates. Over the last nine days, the whale accumulated 1,752 MKR from Binance, worth $2.62 million, at an average price of $1,493 per MKR, despite the losses it incurred. MKR price is trading at $ 1,409 at the time of writing this article.
*This is not investment advice.
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