Illuvium

Show

Impact

Coin

<p>The price of the Illuvium token (ILV) took a significant hit earlier today as a major holder offloaded a portion of their holdings, according to the on-chain data tracker Lookonchain.</p>
<p>In a tweet, <a href="https://twitter.com/lookonchain/status/1778789780878402017" target="_blank" rel="noopener noreferrer nofollow">Lookonchain stated</a>: “The price of $ILV plummeted ~8% just now due to the sell-off by luggis.eth. And luggis.eth still holds 299,930 $ILV($34.37M), watch out for the next sell-off. Join our telegram group to get more alphas.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="491" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-1024x491.png" alt="" class="wp-image-473923" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-1024x491.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-300x144.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-768x368.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-1536x736.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-2048x982.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-313x150.png 313w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-730x350.png 730w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650-788x377.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-650.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>For those unfamiliar with crypto lingo, a “whale” refers to an individual or entity holding a very large quantity of a particular cryptocurrency. When whales sell or “dump” major portions of their holdings, it can create significant downward pressure on the token’s price due to the increase in supply hitting the market.</p>
<p>In this case, the wallet address luggis.eth executed a large sell order of the ILV token, leading to an 8% drop in its price. However, Lookonchain notes that this same whale still controls nearly 300,000 ILV tokens worth over $34 million at current prices. The prospect of further sell-offs from this whale has raised concerns about potential continued downside for ILV.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="444" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-1024x444.png" alt="" class="wp-image-473931" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-1024x444.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-300x130.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-768x333.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-1536x666.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-2048x888.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-346x150.png 346w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-807x350.png 807w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651-788x341.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-651.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>The Impact of Whale Movements </strong><br>Major sell-offs from whales can often trigger a cascading effect, spooking other large holders and retail investors to also exit their positions. This amplified sell pressure can lead to an escalating decline in price as daily trading volumes become overwhelmed by the surging supply which could be the beginning of more woes for the crypto.</p>
<p>However, it’s also possible that the recent 8% dip presents a buying opportunity for those confident in Illuvium’s long-term prospects if the whale’s selling is perceived as temporary profit-taking rather than a loss of faith in the project.</p>
<p>Only time will tell if this recent 8% slide marks the start of broader selling pressure or a fleeting disruption in Illuvium’s trajectory. Crypto investors would be wise to keep a close eye on further updates from prominent on-chain data analysts.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<div class="absolute -right-1.5 sm:right-2 bottom-0" style="border-width: 0px; border-color: hsl(var(--border-100)); border-image: initial; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: hsl(var(--accent-secondary-100)/1); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; outline-color: hsl(var(--accent-main-100)); right: 0.5rem; color: rgb(41, 38, 27); font-family: __styreneB_5d855b, __styreneB_Fallback_5d855b, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: medium; letter-spacing: -0.24px; white-space-collapse: collapse; background-color: rgb(240, 238, 229); transform: none;">
 <div class="flex items-center bg-bg-000 border-0.5 border-border-300 shadow-sm pt-3 pb-1 px-2 rounded-lg translate-y-1/2 transition" style="border-width: 0.5px; border-color: hsl(var(--border-300)/.25); border-image: initial; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 50%; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: hsl(var(--accent-secondary-100)/1); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 1px 2px 0 rgba(0,0,0,.05); --tw-shadow-colored: 0 1px 2px 0 var(--tw-shadow-color); --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; outline-color: hsl(var(--accent-main-100)); transform: translate(var(--tw-translate-x),var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-bg-opacity: 1; background-color: hsl(var(--bg-000)/var(--tw-bg-opacity)); padding-bottom: 0.25rem; box-shadow: var(--tw-ring-offset-shadow,0 0 #0000),var(--tw-ring-shadow,0 0 #0000),var(--tw-shadow); transition-duration: 0.15s;">
  <div class="flex gap-0.5 -mx-1 -mt-2 text-text-400 justify-between items-stretch" style="border-width: 0px; border-color: hsl(var(--border-100)); border-image: initial; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: hsl(var(--accent-secondary-100)/1); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; outline-color: hsl(var(--accent-main-100)); margin-top: -0.5rem; gap: 0.125rem; --tw-text-opacity: 1; color: hsl(var(--text-400)/var(--tw-text-opacity));">
   <div class="flex gap-0.5" style="border-width: 0px; border-color: hsl(var(--border-100)); border-image: initial; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: hsl(var(--accent-secondary-100)/1); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; outline-color: hsl(var(--accent-main-100)); gap: 0.125rem;"></div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/illuvium-dips-8-as-whale-dumps-holdings-why-this-could-be-the-beginning-of-ilv-woes/" rel="noopener noreferrer nofollow">Illuvium Dips 8% as Whale Dumps Holdings, Why This Could Be the Beginning of ILV Woes</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Illuvium Dips 8% as Whale Dumps Holdings, Why This Could Be the Beginning of ILV Woes

Table of Contents

CaptainAltcoin

Other articles published on Apr 12, 2024

Hong Kong Crypto Exchanges Seek Expansion Abroad Amid Regulatory Hurdles

XRP and Polygon MATIC Show No Price Movement, But BlastUP (BLP) Attracts Huge Gains Ahead More In...

SUSHI Price Tumbles Over 12% Amid FTX and Alameda Moves

Crypto Liquidations Hit Over $200M In 1 Hour- What’s Going On?

Pioneering the New Crypto Era: Next-Gen Cryptos Reshaping the Digital Landscape

El Salvador’s newest Hilton hotel to tap into tokenized debt on Bitcoin

Join our free newsletter for daily crypto updates!