The whale on the chain sold 40,730 ILV, worth $2.91 million, and the ILV price fell 5.6% instantly

According to Odaily Planet Daily, on-chain analyst Ember Monitoring pointed out that 15 minutes ago, a whale sold 40,730 ILV on the chain for 778.7 ETH, worth $2.91 million, causing the ILV price to drop by 5.6% instantly. The user still has 260,000 ILV pledged in Illuvium, worth $1.764 million.