Nillion official response to market maker dumping: 1.1 million NIL have been repurchased, and stricter market makers are being replaced.

SerumDegen

2025-11-29 07:00:19

Abstract generation in progress

[Coin World] The privacy computing network Nillion recently revealed something on Twitter: their NIL Token was dumped by market makers, resulting in severe price fluctuations.

The team's reaction at the time was to immediately initiate a buyback. However, the situation was more complicated than expected—when they bought 1.1 million NIL coins, the market fluctuation and trading volume had surged to unprecedented levels. Continuing to buy aggressively could instead exacerbate the situation, so they decided to pause for now.

The team is currently working on two things: first, designing a more complete repurchase plan together with Flow Desk and other market-making partners, ensuring that this operation will not cause new chaos; second, accelerating the process of changing market makers. The new partners will be held to stricter standards, the supervision mechanism will be more transparent, and the framework design will directly eliminate the possibility of such dumping operations.

In simple terms, it's about mending the barn after the sheep are lost, but at least the attitude is still somewhat positive.

NIL1.49%

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TokenUnlocker

· 12-02 03:37

The market maker thing is really insane, 1.1 million tokens just got dumped, who can withstand that...

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RektCoaster

· 12-01 21:38

Wow, the market makers are really ruthless, NIL has definitely learned a lesson from this If 1.1 million coins can't hold the price, how strong must that be?

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WalletDivorcer

· 12-01 21:25

Well... 1.1 million pieces get dumped and still have to stop, this buyback is a bit awkward.

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GateUser-1a2ed0b9

· 11-30 20:28

When will this trap of market makers finally settle down? I'm really fed up.

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quiet_lurker

· 11-29 07:24

It's really ridiculous how market makers play like this. I mean, this strategy should have been used a long time ago. Putting in 1.1 million tokens and still having to stop, that's tough. Is Flow Desk reliable? That's the key issue, right? Going through buybacks and changing partners, why not just choose the right people from the start? It's clear as day, everyone is just being stubborn.

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BearMarketLightning

· 11-29 07:22

The market maker dumping is indeed disappointing, but Nillion's buyback and swap operations are somewhat sincere.

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rug_connoisseur

· 11-29 07:21

Market makers have to fill the hole themselves after the dumping, this business is a total loss. What’s the use of market makers? They can’t defend at all. It’s another case of "we are actively dealing with it", what’s next? Just wait and see. 110,000 coins can't hold the market, which shows there is no confidence at all.

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SadMoneyMeow

· 11-29 07:20

It’s really funny to be a market maker; they’ve already absorbed 1.1 million tokens but still have to stop. Is changing market makers really the solution? I doubt it; the key is that the project party needs to be strong themselves. It's nice to say it’s about mending the fold after losing the sheep, but frankly, it’s just a case of realizing the mess only after making it—a typical case of hindsight. The team’s response is indeed quick, but can market confidence be restored? Who still dares to touch NIL now?

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GasFeeTears