Here’s a **short, latest analysis on Nillion’s **NIL token:
📉 Current Market Situation
NIL is trading at a low price level under ~$0.05–$0.08 USD with recent volatility, and overall sentiment remains weak with price well below its all-time high. �
CoinGecko +1
🔍 Recent Drivers
The token crashed sharply (over 50%) in a sell-off linked to an unauthorized market-maker dump, which forced the team to use treasury funds for buybacks and take legal action. �
MEXC
Trading volume and activity have picked up at times, but downbeat sentiment and supply pressure persist. �
CoinGecko
📈 Fundamental Context
NIL is the native token of Nillion, a network focused on privacy-preserving computing and data processing (so-called blind computation) with potential use cases in private AI and encrypted data services. �
GlobeNewswire
📊 Short-Term Outlook
Price action remains volatile and uncertain, with key resistance levels possible near recent rally points, while sellers still control the broader trend. �
MEXC
🧠 Summary
Current trend: Weak and volatile price with downward pressure.
Bullish elements: Technology focus on private computation and occasional trading volume spikes.
Risks: Market maker dump history, low liquidity, and broader market weakness.
