ILV Token Surges 18% After $12M Funding, $250K Pro League, and $18M Airdrop Announcement

Illuvium (ILVUSDT) experienced a significant price increase in the last 24 hours, rising 18.33% to $21.82 on Binance, primarily driven by the announcement of the Illuvium Pro League 2025 with a $250,000 prize pool and the completion of a $12 million funding round. The surge in price and trading activity is further supported by heightened market interest following the recent tournament success and anticipation of an $18 million airdrop, as well as notable exchange outflows representing about 2.5% of the total supply. Current trading volume remains elevated, with ILV reaching a 24-hour high of $24.74 and a low of $17.99, reflecting robust market participation and bullish sentiment, though technical indicators suggest the asset is in overbought territory, which may lead to short-term volatility.