
Foresight News|11月 29, 2025 06:27
[Nillion has repurchased 1.1 million NIL tokens and will finalize a comprehensive structured buyback plan]
Foresight News reports that the privacy-preserving computation network Nillion tweeted: 'Previously, NIL tokens were sold off by market makers, causing price fluctuations. After thoroughly assessing the situation, we initiated a preliminary buyback plan. However, when volatility and trading volume surged to historic highs, trading conditions became unsustainable. To avoid exacerbating market instability, we suspended buyback operations after purchasing 1.1 million NIL tokens.
We are about to finalize a comprehensive structured buyback plan. This plan is being developed in collaboration with Flow Desk and other market-making partners to ensure that buyback operations comply with market rules, proceed in an orderly manner, and do not trigger further market disruptions. Additionally, we are accelerating the transition to new market makers. The new partners will be subject to stricter controls, clearer oversight mechanisms, and a specially designed framework to prevent the recurrence of such incidents.'
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