IOSG Ventures Cashes Out Remaining ILV

Just an hour ago, venture capital firm IOSG Ventures made a significant move in the crypto market. They deposited their remaining 42,559 ILV tokens (worth approximately $1.67 million) to Binance. This marks the end of a nearly 9-month period of inactivity with the token.

A Look Back at IOSG's ILV Journey

IOSG Ventures was an early investor in Illuvium, receiving a total of 218,181 ILV tokens (valued at $14.53 million at the time) through a vesting contract between June 30, 2022, and July 3, 2023.

Over the past 2.33 years, IOSG has systematically sold off all of their ILV holdings, primarily through Binance and decentralized exchanges (DEXs). The average selling price for these tokens was $65.75, totaling approximately $14.3 million. Notably, many of these sales were executed ahead of significant price drops in ILV, suggesting strategic timing on the part of IOSG Ventures.

It remains to be seen whether this latest sale signifies a bearish sentiment towards ILV or simply a strategic portfolio adjustment by IOSG Ventures.
address: 0x4eb04a824c198e8f70bf8a81e7a89fb7ee77200f
#ILV #ilvusdt $ILV