Whale Unloads $1.54 Million ILV, Causing Price Dip Blockchain analytics firm Lookonchain has detected a significant transaction involving the Ethereum wallet "luggis.eth." The wallet received 70,764 ILV (worth $2.86 million) from Illuvium, an NFT-based game project. Approximately 45 minutes later, the whale sold 40,000 ILV ($1.54 million), a move that triggered an immediate 7.8% price drop for the token. Despite the sale, the whale still holds a substantial amount of ILV, with a current balance of 221,046 tokens, valued at $8.25 million. The whale's substantial ILV holdings and strategic selling have influenced the token's price movements. The sale highlights the potential impact of large transactions on market volatility, particularly in projects tied to NFTs and cryptocurrencies.