How Did the NIL Token Crash Start?

NIL dropped more than 36% during the day, falling to $0.118. The sharp decline began with sudden liquidity spikes and large sell orders appearing on the order books. The Nillion team explained:

• An unauthorized market maker sold a large amount of NIL.
• The individual/entity did not respond to any communication from the team during or after the sale.
• This led to an uncontrolled collapse in price.

This highlights how vulnerable tokens can be to large, unexpected sell orders—especially during low-liquidity market conditions.

Nillion: “We Intervened Immediately and Started a Buyback”

The project announced that, upon detecting the incident, it used treasury funds to initiate an emergency buyback to:

• Stabilize the price
• Reduce the damage caused by the unauthorized sale

Nillion further stated that it is working directly with exchanges, has frozen accounts linked to the sale, and has launched legal proceedings.

Their statement reads:

“Unauthorized activity does occur in the crypto sector, but we will not remain passive. All funds recovered from the unauthorized token sales will be used for further buybacks. We have initiated all necessary legal steps to protect our ecosystem.”

This shows that the team views the incident not only as a technical breach, but also as a major violation of trust and operational discipline.

Current State of NIL

Following the sharp decline:

• NIL is down 3% in 24 hours
• Trading around $0.118
• Down 87% from its all-time high of $0.95

The large gap from its ATH indicates that NIL is facing a challenging period.

A Critical Moment for NIL

The NIL crash was driven by:

• Unauthorized token sales
• Weak market liquidity
• Cascade sell-offs

Nillion’s rapid response — launching buybacks, freezing accounts, and initiating legal action  is aimed at restoring investor confidence. In the short term, volatility is likely to remain high, but the market will be watching closely to see whether the team’s actions stabilize the NIL ecosystem.

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The post NIL Token Plunges Sharply! Developers Explain the Reason appeared first on Coin Engineer.

Nillion (NIL) Will Be Available on Multiple Binance Products

According to Binance’s official statement, Nillion (NIL) will be accessible across a variety of Binance investment services starting from March 24, 2025. The token will be supported on Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures platforms. This comprehensive integration will make NIL more accessible to a wider range of users.

Click to Trade on Binance Futures (Derivatives) with a 10% Discount!

From March 24, 2025, at 13:00 (UTC), NIL will be available as a flexible product on Binance Simple Earn. Users will be able to subscribe and earn rewards from their NIL holdings. Additionally, beginning March 25, 2025, at 10:00 (UTC), Binance Auto-Invest will allow users to automatically purchase NIL, helping them grow their portfolio through a disciplined investment approach.

NIL will also be listed on Binance Buy Crypto, where users can purchase the token using payment methods such as VISA, MasterCard, Google Pay, and Apple Pay. Once listed on Binance Spot, NIL will become available for zero-fee trading against BTC, USDT, and other supported assets through Binance Convert.

Margin Trading and Futures Contracts Offer More Flexibility

Binance Margin will support NIL as a borrowable asset on both Cross and Isolated Margin. Trading pairs such as NIL/USDT and NIL/USDC will be introduced, providing traders with more flexibility and leverage opportunities. Furthermore, Binance Futures will launch the USDⓈ-M NIL Perpetual Contract on March 24, 2025, at 13:00 (UTC). Traders will be able to utilize up to 75x leverage, allowing for both long and short positions on NIL.

Binance reminds users that newly listed tokens often exhibit high volatility. Traders are encouraged to use appropriate risk management strategies. NIL will also be supported under Binance’s Multi-Assets Mode, enabling users to use BTC and other assets as collateral for futures trading.

The listing of Nillion (NIL) on Binance marks a significant milestone for the project. Investor interest is growing rapidly, and market participants are closely watching NIL’s price movements following its launch on Binance platforms.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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