NIL plunges 97% in minutes on Coinone after listing

According to CoinNess market monitoring, Nillion (NIL) briefly crashed 97.6% on Coinone’s KRW market at 22:19 KST on March 24, dropping from 49,990 KRW to 1,200 KRW in a single candle. NIL was listed on major exchanges including Binance, Bybit and Bitget at 22:00 KST, with trading on Coinone beginning shortly after. As of now, NIL is trading at $0.813 on Binance’s USDT market.