According to a recent report by COINOTAG on September 23, Lookonchain’s real-time monitoring observed significant crypto movements. The wallet identified as luggis.eth withdrew 70,764 ILVs, valued at approximately $2.86 million, from the address linked to the blockchain game Illuvium. Following this hefty withdrawal, luggis.eth sold 40,000 ILVs—equivalent to around $1.54 million. This transaction caused a notable price drop in ILV, decreasing its value by roughly 7.8%. Despite these sales, luggis.eth still retains a substantial holding of 221,046 ILVs, which is valued at about $8.25 million. These sizable movements have sparked discussions among market analysts about potential impacts on Illuvium’s market dynamics.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024