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.

Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.002654
$0.002654$0.002654
-4.70%
USD
TokenFi (TOKEN) Live Price Chart
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

Volante Technologies Customers Successfully Navigate Critical Regulatory Deadlines for EU SEPA Instant and Global SWIFT Cross-Border Payments

Volante Technologies Customers Successfully Navigate Critical Regulatory Deadlines for EU SEPA Instant and Global SWIFT Cross-Border Payments

PaaS leader ensures seamless migrations and uninterrupted payment operations LONDON–(BUSINESS WIRE)–Volante Technologies, the global leader in Payments as a Service
Share
AI Journal2025/12/16 17:16
Fed Acts on Economic Signals with Rate Cut

Fed Acts on Economic Signals with Rate Cut

In a significant pivot, the Federal Reserve reduced its benchmark interest rate following a prolonged ten-month hiatus. This decision, reflecting a strategic response to the current economic climate, has captured attention across financial sectors, with both market participants and policymakers keenly evaluating its potential impact.Continue Reading:Fed Acts on Economic Signals with Rate Cut
Share
Coinstats2025/09/18 02:28
Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00