Synthetix founder Kain Warwick unlocked and received 150,000 ILV tokens from the Illuvium Vesting contract worth approximately 6.47 million US dollars. Subsequently, kain.eth transferred 40,000 ILVs to an address. The price of ILVs, which was around $70 when it was unlocked, fell by about 9% to current levels of $64.9. About half of the 150,000 ILVs have been unlocked so far, causing the price to drop from around $79 at the time of writing.

After a 40,000 ILV sell-off, Illuvium is really feeling the downturn.  
No to Web3 gaming, yes to global domination. 🙃

在 40,000 ILV 拋售之後，Illuvium 確實感受到了低迷。  
對 Web3 遊戲說不，對全球統治說是。 🙃

Após uma liquidação de 40.000 ILV, o Illuvium está realmente sentindo a desaceleração. 
Não ao jogo Web3, sim à dominação global. 🙃

Después de una liquidación de 40.000 ILV, Illuvium está sintiendo realmente la caída. 
No a los juegos Web3, sí a la dominación global. 🙃

After a 40,000 ILV sell-off, Illuvium is really feeling the downturn. No to Web3 gaming, yes to global domination. 🙃