Whale "luggis.eth" Keeps Dumping
$ILV ā Another Price Dip Incoming? š
About 10 hours ago, whale 0x207 ("luggis.eth") offloaded 17,887 ILV for $365,577 USDT at an average price of $20.44. This wasnāt an isolated sellāover the past 24 hours, theyāve dumped a total of 48,107
#ILV for $993,262 USDT at $20.65, triggering two price dips.
But hereās the real pattern: Over the past year, luggis.eth has consistently sold 343,379 ILV via DEX and Binance at an average price of $59.48, cashing out $20.42Māand always before a short-term price drop.
Despite all this selling, they still hold 47,760 ILV ($994K) farmed with
#Illuvium . Will they continue dumping, or is the sell pressure finally easing?