Lookonchain APP

App Store

Nillion: An unauthorized market maker sold off NIL tokens and has initiated a buyback of the sold tokens

2025.11.20 22:08:29

On November 20th, Nillion put out a statement stating, "A particular market maker sold NIL tokens without obtaining proper authorization from the Nillion Association. During the flash sale and the subsequent hours, it refused to respond to the team's communications." We are taking immediate steps. The Nillion Association has begun using association funds to repurchase the sold tokens. We also promise to use all funds sold without authorization by this market maker to buy back more NIL tokens. We are actively pursuing legal actions and coordinating with our exchange partners to ensure that all accounts and wallets related to this event have been frozen.
Relevant content

U.S. Treasury Secretary Yellen: Gold Seems Like a Classic Speculative Sell-off Rally

Feb. 9 — U.S. Treasury Secretary Yellen, per market sources, states gold is undergoing a typical speculative sell-off. (Golden Ten)

8 minutes ago

Trump says he expects the Dow to reach 100,000 points before the end of his term, having previously made bullish calls that were followed by a strong market performance

**U.S. Stocks Surge Friday; Dow Breaks 50,000 for First Time, Biggest Daily Gain Since May 2023** U.S. equities staged a strong rebound on Friday, February 9, as the Dow Jones Industrial Average (DJIA) hit a historic milestone—breaking through the 50,000-point threshold. The index recorded its largest single-day gain since May 2023. Former President Donald Trump took to Truth Social to claim: “Experts predicted hitting 50k on the Dow by the end of my term would be a great achievement—but I did it three years early. U.S. stocks are at record highs, national security is stronger, all thanks to our great tariff policy. I expect the Dow to hit 100,000 before my term ends. Remember: everything Trump says is right! I hope the Supreme Court is taking note of these developments.” Trump has repeatedly tied public comments to apparent “pump-and-dump” stock activity, with subsequent market rallies often linked directly to his policy announcements and tariff adjustments: - In April 2025

8 minutes ago

Hyperliquid Platform Revenue Grows for Third Consecutive Week, HYPE Surges Over 80% from Lows Before Pullback

Per Defillama figures, Hyperliquid’s revenue hit $25.19 million this week, marking three straight weeks of growth for the platform. Per HTX market data, HYPE climbed from a Jan. 21 low of $20.5 to briefly top $38, and now trades at $31.5. Even amid the broader crypto market downturn—with Bitcoin dipping to $60k at one point—the HYPE/BTC pair has surged over 70% in the past two weeks.

8 minutes ago

U.S. Treasury Secretary Yellen: Does Not Expect Rapid Action by Fed on Balance Sheet Issue

Xinhua News Agency, February 8 — U.S. Treasury Secretary Janet Yellen said Wednesday she does not anticipate the Federal Reserve will act quickly on the balance sheet matter. She noted that she believes Federal Reserve Chair Jerome Powell will maintain his independence.

8 minutes ago

Two new wallets withdrew 3,500 BTC and 30,000 ETH from Binance 5 hours ago.

Per LookOnChain monitoring, two new wallets—17oiCa and 0x929f—have withdrawn 3,500 BTC (valued at $249 million) and 30,000 ETH (valued at $63 million) from Binance as of 5 hours ago on February 8th.

8 minutes ago

Pump.fun has accumulated over $280 million worth of buybacks for the PUMP token

Data from fees.pump.fun shows Pump.fun spent 15,052.99 SOL (roughly $1.318 million) yesterday to repurchase 632.9 million PUMP tokens. Since launching its PUMP buyback initiative on July 15th, the platform has repurchased approximately $282 million worth of PUMP, cutting the total circulating supply by 22.979%.

8 minutes ago