Private computing network Nillion stated that the sharp fluctuation in NIL tokens yesterday was caused by a market maker selling tokens at scale without authorization. The party in question also refused to communicate with the team during and after the event. Nillion has used treasury funds to initiate a buyback of the affected tokens. Meanwhile, the team has worked with exchanges to freeze the related accounts and is pursuing legal action. https://t.co/FrKGvknTS6 ...

nillion launched 2.0 today but 10.84m nil tokens unlock october 24. that's $2.94m hitting a $70.6m market cap in 4 days. september's unlock dumped 31% over 18 days before any recovery. new buyers celebrating the launch about to learn why unlock schedules override product releases in low liquidity markets ...