Litecoin

Illuvium

<p>Illuvium token price surged for the third consecutive day, reaching its highest point since February 14 as the Pro League started.&nbsp;</p>
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  <span>Summary</span>
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   <li>Illuvium price jumped after the developers released details of the Pro League.</li>
   <li>The event will run from August 3, with the main event ending in December.</li>
   <li>Technicals point to more upside, with the potential price target being at $41.</li>
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<p>Illuvium (<a href="https://crypto.news/price/illuvium/" rel="noopener noreferrer nofollow">ILV</a>) 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>
<h2 class="wp-block-heading" id="illuvium-pro-league-kicks-off">Illuvium Pro League kicks off</h2>
<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>
<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>
<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 “last call” and “last chance” events will provide final opportunities to qualify.</p>
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<p>The main event in December will involve 64 players, with 32 earning a payout from the total $250,000 prize pool.</p>
<p>ILV’s rally was also fueled by on-chain data showing increased accumulation by smart money investors. According to <a href="https://app.nansen.ai/token-god-mode?tokenAddress=0x767fe9edc9e0df98e07454847909b5e959d7ca0e&amp;chain=ethereum&amp;tab=exchanges" target="_blank" rel="noopener noreferrer nofollow">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>
<p>Meanwhile, the supply of ILV tokens in exchanges has dropped to 2.74 million from last month’s high of 2.81 million.</p>
<h2 class="wp-block-heading" id="ilv-price-surged-after-forming-a-double-bottom-pattern">ILV price surged after forming a double-bottom pattern</h2>
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 <img width="3574" height="1988" src="https://crypto.news/app/uploads/2025/08/ILV-crypto-price.png" alt="ILV price">
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  Illuvium price chart | Source: <a href="https://crypto.news/price/illuvium/" rel="noopener noreferrer nofollow">crypto.news</a>
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<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.&nbsp;</p>
<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’s start, followed by a potential pullback.</p>
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Here’s why the Illuvium’s ILV price is soaring

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