A bearish flag pattern has emerged on the $ILV/USDT 4-hour chart, signaling potential downward pressure. On-chain data reveals that the wallet luggis.eth recently withdrew 70,764 $ILV (worth approximately $2.86 million) from Illuvium. Shortly after, 40,000 $ILV ($1.54 million) were sold just 45 minutes ago, triggering a sharp 7.8% drop in the token’s price. luggis.eth withdrew 70,764 $ILV($2.86M) from #Illuvium and dumped 40,000 $ILV($1.54M) 45 mins ago, causing the price of $ILV to drop by ~7.8%. luggis.eth still holds 221,046 $ILV($8.25M).https://t.co/HcnYOc5xcl pic.twitter.com/MH7Khygb2J — Lookonchain (@lookonchain) September 23, 2024 This isn’t the first time luggis.eth has influenced the market with a large
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