🔥The NIL token falls more than 50% in minutes and surprises users 👀
The #Token of #nillion , #NIL , surprised more than one on Wednesday, after falling more than 50%, without any explanation, so far. Just with this drop, the NIL token marks a new historical low.
After this shocking drop, the Nillion team responded to the complaint from the holders, stating that it has not been the NIL team who sold these tokens, but rather,
it would be the sale of a market maker (they did not want to give the name).
After realizing this selling pressure, the Nillion team indicated that they would start a buyback program of #tokens with the funds from their treasury so that it does not impact the price much. In addition, they indicated that they would take legal action against this market maker for breaking agreed-upon agreements.
The NIL token dropped from $ 0.18 to $ 0.085 in a matter of minutes, exhausting market liquidity.
Did you know about the NIL token?
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