Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started.  Illuvium (ILV) rose to a high of $23.65, up 160% from its lowest level this year. The surge came…Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started.  Illuvium (ILV) rose to a high of $23.65, up 160% from its lowest level this year. The surge came…

Here’s why the Illuvium’s ILV price is soaring

2025/08/05 23:37

Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started. 

Summary
  • Illuvium price jumped after the developers released details of the Pro League.
  • The event will run from August 3, with the main event ending in December.
  • Technicals point to more upside, with the potential price target being at $41.

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.

Illuvium Pro League kicks off

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.

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.

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 “last call” and “last chance” events will provide final opportunities to qualify.

The main event in December will involve 64 players, with 32 earning a payout from the total $250,000 prize pool.

ILV’s rally was also fueled by on-chain data showing increased accumulation by smart money investors. According to Nansen, 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.

Meanwhile, the supply of ILV tokens in exchanges has dropped to 2.74 million from last month’s high of 2.81 million.

ILV price surged after forming a double-bottom pattern

ILV price

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. 

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’s start, followed by a potential pullback.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Team Launches AI Tools to Boost KYC and Mainnet Migration for Investors

Team Launches AI Tools to Boost KYC and Mainnet Migration for Investors

The post Team Launches AI Tools to Boost KYC and Mainnet Migration for Investors appeared on BitcoinEthereumNews.com. The Pi Network team has announced the implementation of upgrades to simplify verification and increase the pace of its Mainnet migration. This comes before the token unlock happening this December. Pi Network Integrates AI Tools to Boost KYC Process In a recent blog post, the Pi team said it has improved its KYC process with the same AI technology as Fast Track KYC. This will cut the number of applications waiting for human review by 50%. As a result, more Pioneers will be able to reach Mainnet eligibility sooner. Fast Track KYC was first introduced in September to help new and non-users set up a Mainnet wallet. This was in an effort to reduce the long wait times caused by the previous rule. The old rule required completing 30 mining sessions before qualifying for verification. Fast Track cannot enable migration on its own. However, it is now fully part of the Standard KYC process which allows access to Mainnet. This comes at a time when the network is set for another unlock in December. About 190 million tokens will unlock worth approximately $43 million at current estimates.  These updates will help more Pioneers finish their migration faster especially when there are fewer validators available. This integration allows Pi’s validation resources to serve as a platform utility. In the future, applications that need identity verification or human-verified participation can use this system. Team Releases Validator Rewards Update The Pi Network team provided an update about validator rewards. They expect to distribute the first rewards by the end of Q1 2026. This delay happened because they needed to analyze a large amount of data collected since 2021. Currently, 17.5 million users have completed the KYC process, and 15.7 million users have moved to the Mainnet. However, there are around 3 million users…
Share
BitcoinEthereumNews2025/12/06 16:08
Taiko Makes Chainlink Data Streams Its Official Oracle

Taiko Makes Chainlink Data Streams Its Official Oracle

The post Taiko Makes Chainlink Data Streams Its Official Oracle appeared on BitcoinEthereumNews.com. Key Notes Taiko has officially integrated Chainlink Data Streams for its Layer 2 network. The integration provides developers with high-speed market data to build advanced DeFi applications. The move aims to improve security and attract institutional adoption by using Chainlink’s established infrastructure. Taiko, an Ethereum-based ETH $4 514 24h volatility: 0.4% Market cap: $545.57 B Vol. 24h: $28.23 B Layer 2 rollup, has announced the integration of Chainlink LINK $23.26 24h volatility: 1.7% Market cap: $15.75 B Vol. 24h: $787.15 M Data Streams. The development comes as the underlying Ethereum network continues to see significant on-chain activity, including large sales from ETH whales. The partnership establishes Chainlink as the official oracle infrastructure for the network. It is designed to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a wide range of decentralized finance (DeFi) applications, from complex derivatives platforms to more niche projects involving unique token governance models. According to the project’s official announcement on Sept. 17, the integration enables the creation of more advanced on-chain products that require high-quality, tamper-proof data to function securely. Taiko operates as a “based rollup,” which means it leverages Ethereum validators for transaction sequencing for strong decentralization. Boosting DeFi and Institutional Interest Oracles are fundamental services in the blockchain industry. They act as secure bridges that feed external, off-chain information to on-chain smart contracts. DeFi protocols, in particular, rely on oracles for accurate, real-time price feeds. Taiko leadership stated that using Chainlink’s infrastructure aligns with its goals. The team hopes the partnership will help attract institutional crypto investment and support the development of real-world applications, a goal that aligns with Chainlink’s broader mission to bring global data on-chain. Integrating real-world economic information is part of a broader industry trend. Just last week, Chainlink partnered with the Sei…
Share
BitcoinEthereumNews2025/09/18 03:34