- Nillion price fell more than 50% as altcoins battled sell-off pressure.
- The team has accused a market maker of dumping the platform’s native token.
- Despite the price dump, the team has initiated a token buyback using treasury funds.
The price of Nillion (NIL), a token associated with a private computing network that champions data privacy, has crashed sharply over the past 24 hours.
As cryptocurrencies tanked amid macro jitters, the small-cap token’s price plunged from above $0.21 to under $0.10. Sellers touched lows of $0.0.086.
NIL’s brutal 50% crash was accompanied by a staggering 680% jump in daily volume. A panicked market saw Nillion price dumping, and accelerated on Wednesday as nearly $200 million in sell-side volume brutalized buyers.
But why such aggressive selling for the native token of the private computing network?
NIL price crashes by over 50%: what happened?
On November 20, 2025, the Nillion team released a statement on X.
According to the platform, the sharp drop that saw NIL suffer a bloodbath happened as a market maker sold huge chunks of the token.
This sale was allegedly authorized. The post did not name the entity in question.
However, it alleged the partner switched off communication both as they sold and after the price-impacting event.
“If you were surprised by yesterday’s price action, you’re not alone,” the team noted. “Our entire team was confused until we realized what happened: a market maker sold NIL tokens without legal authorization from the Nillion Association. Then, refusing to respond to any team communications during the flash sale and hours following.”
To help mitigate the impact, Nillion said it has deployed treasury funds to buy back tokens.
Meanwhile, collaboration with exchanges has helped freeze accounts and wallets tied to the dumping. The project is also taking legal action.
Nillion price outlook
NIL ranks as one of the biggest losers across the crypto market in the past 24 hours, with current declines over the period at 36% at the time of writing.
After the initial price dump to lows of $0.086, NIL bulls attempted a swift bounce.
However, the brief gains faded at $0.14. Price is up 37% from that intraday low, but the recovery has stalled, and NIL hovers just above $0.118.
Price has traded above this mark for much of the day, and technically, it appears buyers are exhausted.
Sentiment is down, and the path of least resistance could be lower. Overall, downbeat sentiment for most altcoins suggests NIL may break below $0.10 again.
Nillion price reached an all-time high of $0.95 in March 2025, which means current price levels are more than 87% off that peak. The token traded above $0.24 earlier in the week and above $0.33 in October.
Other Articles
No Comment! Be the first one.