Nillion (NIL) price plummets by 50% following unauthorized market maker sale

The price of Nillion (NIL), a token linked to a private computing network focused on data privacy, has experienced a dramatic plunge of over 50% in the last 24 hours. This sharp decline coincided with significant selling pressure across the altcoin market.

Price Crash Amid Market Tensions

• The price of Nillion plummeted from over $0.21 to below $0.10, hitting a low of $0.086.
• The Nillion team accused a market maker of conducting unauthorized sales of the native token.
• In response to the price drop, the team initiated a token buyback using treasury funds.

As cryptocurrencies faced widespread declines amid macroeconomic anxiety, selling activity on the small-cap token surged to nearly $200 million, overwhelming buyers and leading to the steep price drop.

What Triggered the Aggressive Sell-off?

On November 20, 2025, the Nillion team issued a statement via social media addressing the sudden price drop. They claimed a market maker had sold substantial amounts of the token without proper authorization, exacerbating the market’s panic.

“If you were caught off guard by yesterday’s price action, you are not alone,” the team stated. “Our entire team was confounded until we realized what had happened: a market maker sold NIL tokens without legal permission from the Nillion Association and then refused to respond to our communications during and following the flash sale.”

To counteract the fallout, Nillion revealed that it had utilized treasury funds for a token buyback. Additionally, collaboration with exchanges led to the freezing of accounts linked to the sell-off, and legal action is now being pursued.

Market Outlook and Future Implications

NIL remains one of the largest losers in the cryptocurrency market over the past 24 hours, with a current decline of 36% at the time of writing. After hitting an intraday low of $0.086, buyers attempted a brief rebound, leading to a price surge to $0.14. However, this was short-lived, and the price has now settled just above $0.118.

The price remained above this threshold for much of the day, but technical indicators suggest buyers appear exhausted. Market sentiment is negative, indicating that NIL could potentially dip below $0.10 again. Historically, Nillion reached a peak of $0.95 in March 2025, meaning current prices are over 87% lower than this all-time high. Earlier this week, the token traded above $0.24 and exceeded $0.33 in October.