Following these transactions, the $ILV token experienced a sharp decline of approximately 8%.

Luggis.eth executed two significant transactions within a span of about 5 hours.

Initially, they deposited 21.63K $ILV (approximately $2.69M) to #Binance.

Shortly afterward, they swapped 20K ILV for 684.49 ETH (equivalent to $2.4M).

It's plausible that the sell-off by Luggis.eth contributed to this downturn. Despite the sell-off, Luggis.eth still retains a considerable holding of 299,930 ILV ($33.3M), along with an additional 158.39 ILV ($17.58K) received as rewards.

It's advisable to remain vigilant for any potential future sell-offs.

Address: 0x2079C29Be9c8095042edB95f293B5b510203d6cE