ILV token plunged 81.57% within 24 hours amid a sharp market correction, dropping from $150 to $27.50 before partially recovering to $50. The sudden crash triggered liquidations across major exchanges, with traders reporting significant losses. Market analysts attribute the volatility to leveraged positions being unwound during thin holiday trading volumes. The Illuvium team has not issued any official statement regarding the price action. This marks one of the most extreme single-day declines for a major gaming token in recent crypto history.