A significant sell-off by a crypto whale caused the price of a notable altcoin to plummet. Large token sales often create selling pressure and result in price drops, particularly for altcoins with lower market capitalization. On-chain analytics platform Lookonchain reported on June 22 that a major sale in Illuvium (ILV) by a whale triggered a sharp price decline. A whale sell-off impacts Illuvium (ILV) as 40,730 tokens are sold, leading to an 8% price drop. What does this mean for the altcoin ...
