According to Lookonchain, luggis.eth extracted 70,764 ILVs (~ $2.86 million) from the Illuvium address 45 minutes ago and sold 40,000 of them (~ $1.54 million), causing the price of ILVs to drop by about 7.8%. Currently luggis.eth still holds 221,046 ILVs (~ $8.25 million).