{"id":6826,"date":"2025-08-05T15:39:40","date_gmt":"2025-08-05T15:39:40","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-the-illuviums-ilv-price-is-soaring\/"},"modified":"2025-08-05T15:39:56","modified_gmt":"2025-08-05T15:39:56","slug":"heres-why-the-illuviums-ilv-price-is-soaring","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-the-illuviums-ilv-price-is-soaring\/","title":{"rendered":"Here\u2019s why the Illuvium\u2019s ILV price is soaring"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started.\u00a0<\/p>\n<div id=\"cn-block-summary-block_dbdd42e546532ad5c863d85d43c44d20\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Illuvium price jumped after the developers released details of the Pro League.<\/li>\n<li>The event will run from August 3, with the main event ending in December.<\/li>\n<li>Technicals point to more upside, with the potential price target being at $41.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Illuvium (ILV) rose to a high of $23.65, up 160% from its lowest level this year. The surge came alongside a 3,200% spike in daily volume to $344 million, well above its $124 million market capitalization.<\/p>\n<h2 class=\"wp-block-heading\">Illuvium Pro League kicks off<\/h2>\n<p>The ILV price spiked after the developers launched the 2025 edition of the Illuvium Pro League. The league will include three tournaments: IPL 250, IPL 500, and IPL 1000, with various qualification paths to the main event.<\/p>\n<p>A two-point system will be in play: IPL points, earned from tournaments, and RLP, accumulated through the ranked ladder. The season begins August 16 and culminates in a world event in December.<\/p>\n<p>IPL 250 will feature 32 players and a $2,000 prize pool. IPL 500 will host 64 players and offer $5,000, while the IPL 1000 will be an invite-only event with 64 players. Additional \u201clast call\u201d and \u201clast chance\u201d events will provide final opportunities to qualify.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The main event in December will involve 64 players, with 32 earning a payout from the total $250,000 prize pool.<\/p>\n<p>ILV\u2019s rally was also fueled by on-chain data showing increased accumulation by smart money investors. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x767fe9edc9e0df98e07454847909b5e959d7ca0e&amp;chain=ethereum&amp;tab=exchanges\" target=\"_blank\">Nansen<\/a>, these investors now hold over 91,000 ILV tokens, a significant rise from a month ago. Meanwhile, the ILV supply on exchanges has dropped from 2.81 million to 2.74 million.<\/p>\n<p>Meanwhile, the supply of ILV tokens in exchanges has dropped to 2.74 million from last month\u2019s high of 2.81 million.<\/p>\n<h2 class=\"wp-block-heading\">ILV price surged after forming a double-bottom pattern<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402941\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Illuvium price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the ILV price dropped to a low of $9.7, where it formed a double-bottom pattern whose neckline was at $18, its highest point on May 10.\u00a0<\/p>\n<p>The token has since moved above its 50-day moving average and briefly crossed the 23.6% Fibonacci retracement level. The most likely scenario is continued upside leading into the tournament\u2019s start, followed by a potential pullback.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started.\u00a0 Summary Illuvium price jumped after the developers released details&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6826"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6826\/revisions"}],"predecessor-version":[{"id":6828,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6826\/revisions\/6828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6827"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}