- Nillion’s price plunged more than 50% as altcoins faced heavy selling pressure.
- The team accused a market maker of offloading the platform’s native token.
- Despite the price collapse, the team initiated a token buyback using treasury funds.
As cryptocurrencies broadly retreated amid macroeconomic unease, this small-cap token dropped from above $0.21 to under $0.10, with sellers pushing the low to $0.086.
The brutal 50% decline in NIL was accompanied by a staggering 680% surge in daily volume. Panic selling accelerated the decline, and on Wednesday nearly $200 million in sell volume hit buyers hard.
So what triggered such aggressive liquidation of the native token for this private computation network?
Price of NIL Falls More Than 50%: What Happened?
On November 20, 2025, the Nillion team published a statement on X.
According to the platform, a sudden sell-off caused NIL to be severely impacted when a market maker sold large portions of the token.
The team said the sale was allegedly authorized, though it did not name the entity involved.
They also said the partner ceased communication both during the sale and afterward, which exacerbated the price impact.
“If yesterday’s price action surprised you, you were not alone,” the team noted. “Our entire team was confused until we discovered what happened: the market maker was selling NIL tokens without legal authorization from the Nillion Association. Then they declined to respond to any team communications during the flash sale and for hours afterward.”
To help mitigate the damage, Nillion said it deployed treasury funds to repurchase tokens.
At the same time, coordination with exchanges helped freeze accounts and wallets linked to the dumping, and the project has initiated legal action.
Nillion Price Outlook
NIL was among the biggest losers in the crypto market over the 24-hour period, with losses of about 36% at the time of writing for that timeframe.
After the initial slide to $0.086, NIL bulls attempted a rapid rebound.
Short-term gains faded near $0.14. The price sits roughly 37% above that intraday low, but the recovery stalled and NIL now trades just above $0.118.
The price traded above this level for most of the day, but buyers appear fatigued from a technical perspective.
Sentiment is weakening and the path of least resistance may be downward. Broad negative sentiment across many altcoins suggests NIL could retest sub-$0.10 levels.
Nillion reached an all-time high of $0.95 in March 2025, meaning current prices sit more than 87% below that peak. Earlier in the week the token traded above $0.24 and in October it was above $0.33.