$NIL today showed about +43%. And the most interesting part is that it doesn’t start with the chart.
On September 23, the Nillion token during the pump was approaching roughly +52%, and on the 24th it was already trading near $0.13.
The explanation in the feed is simple: Meta, private LLMs, NEAR, Arbitrum, Sei.
But there’s a problem: these aren’t news from the last few days. The joint work of Nillion and Meta was published back in 2024, as were the then testnet integrations with NEAR, Arbitrum, and Sei.
Today, however, there is a truly fresh event.
On September 24, about 24.55 million $NIL - entered circulation, which is 2.5% of the total supply. That’s approximately 5.8% of the current market capitalization.
Meanwhile, RSI(14) is already around 80—the market is clearly overheated, although the 90 cited in some publications is still far away.
And this is where it gets interesting: the price flies sharply upward, while at the same time the market receives a large new volume of tokens.
I wouldn’t call the unlock automatic sell pressure. But right now it’s worth watching whether demand can absorb this additional supply.
Because the pump shows how much the market is willing to pay. The unlock shows how many tokens are ready to come to this market.
If you want to break down pumps like this through the mechanics—not through pretty explanations with hindsight—subscribe to @MoonMan567
On September 23, the Nillion token during the pump was approaching roughly +52%, and on the 24th it was already trading near $0.13.
The explanation in the feed is simple: Meta, private LLMs, NEAR, Arbitrum, Sei.
But there’s a problem: these aren’t news from the last few days. The joint work of Nillion and Meta was published back in 2024, as were the then testnet integrations with NEAR, Arbitrum, and Sei.
Today, however, there is a truly fresh event.
On September 24, about 24.55 million $NIL - entered circulation, which is 2.5% of the total supply. That’s approximately 5.8% of the current market capitalization.
Meanwhile, RSI(14) is already around 80—the market is clearly overheated, although the 90 cited in some publications is still far away.
And this is where it gets interesting: the price flies sharply upward, while at the same time the market receives a large new volume of tokens.
I wouldn’t call the unlock automatic sell pressure. But right now it’s worth watching whether demand can absorb this additional supply.
Because the pump shows how much the market is willing to pay. The unlock shows how many tokens are ready to come to this market.
If you want to break down pumps like this through the mechanics—not through pretty explanations with hindsight—subscribe to @MoonMan567
