Deep Dive
1. Major Token Unlock (24 September 2025)
Overview:
Nillion unlocked 65.12M NIL (33.37% of circulating supply) on September 24, 2025, worth ~$21.4M. Such events often trigger volatility as early investors and team members gain access to tokens. The unlock coincided with a broader $517M crypto unlock wave, including Solana and Worldcoin.
What this means:
This is bearish for NIL in the short term due to potential selling pressure, especially given the unlock’s large relative size. However, if the team extends lockups or demand absorbs the supply, downside could be limited. Traders monitor support at $0.2936 and resistance at $0.3145 post-unlock.
(Crypto.news)
2. Phase 0 Mainnet Upgrade (31 July 2025)
Overview:
Nillion launched its first mainnet upgrade, enabling developers to run AI models (e.g., Llama) in Trusted Execution Environments (TEEs). The upgrade introduced encrypted storage, scalable permissions, and secure AI inference without exposing raw data.
What this means:
This is bullish long-term, positioning Nillion as a privacy infrastructure leader for AI and decentralized compute. Partnerships with Deutsche Telekom and Vodafone (June 2025) validate enterprise adoption potential. However, token price has lagged (-8.9% weekly), suggesting delayed market reaction.
(Binance Square)
3. OKX Delists NIL Futures (25 July 2025)
Overview:
OKX removed NIL/USDT perpetual futures on July 25, citing low liquidity and volatility risks. The exchange liquidated positions using average index prices, impacting traders with >$10K exposure.
What this means:
Bearish for liquidity and trader sentiment, though NIL remains listed on Binance and Bitget. The delisting reflects challenges for smaller-cap tokens in maintaining derivatives markets amid fluctuating volumes.
(OKX)
Conclusion
Nillion’s trajectory hinges on balancing technical milestones (Phase 0, enterprise adoption) against market risks (unlocks, liquidity). While its privacy-focused AI infrastructure gains traction, tokenholders face near-term volatility. Will institutional demand offset unlock-driven selling? Monitoring exchange inflows and developer activity could provide clues.