$NIL (Nillion) – Short Latest Analysis
Nillion ($NIL ) is a privacy-focused compute & data network that recently completed a major migration to Ethereum L2 with its “Blind Computer” model, allowing community runners to stake and verify encrypted compute tasks — a key progress milestone for its utility narrative.
However, price action has been weak and volatile, with a sharp sell-off (50%+ crash) earlier triggered by heavy selling from a market maker, prompting an urgent buyback program by the team to support stability.
Snapshot:
📉 Short term: Choppy and bearish bias, oversold conditions
🔐 Long term: Utility tied to private compute adoption & decentralized verification
⚠️ Risk: High volatility and liquidity sensitivity
NILUSDT
Perp
0.0557
-1.11%