Nillion has repurchased a total of 1.1 million NIL and will establish a comprehensive structured repurchase plan.

Foresight News reports that the privacy security computing network Nillion stated on Twitter, “Previously, the NIL Token was sold off by market makers, leading to price fluctuations. After a comprehensive assessment of the situation, we initiated a preliminary buyback plan. However, as volatility and volume soared to historic highs, maintaining trading conditions became difficult. To avoid exacerbating market turmoil, we paused the buyback action after purchasing 1.1 million NIL. We are about to complete a comprehensive structured buyback plan. This scheme is being developed in collaboration with other market-making partners of Flow Desk to ensure that the buyback operations comply with market rules, proceed in an orderly manner, and do not trigger new market disturbances. In addition, we are accelerating the transition to new market makers. The new partners will be subject to stricter controls, clearer oversight mechanisms, and will adopt a specially designed framework to prevent such incidents from happening again.”