Large Sale of ILV Causes Price Drop

According to @lookonchain, luggis.eth sold 40,730 ILV for 778.72 ETH (approximately $2.72 million) on-chain around 10 minutes ago, leading to a 5% drop in the price of ILV. Currently, luggis.eth still holds 260,881.8 ILV, valued at around $17.64 million.
SourceLookonchain
@lookonchainLooking for smartmoney onchain