Nillion Soars 239% as Ethereum Mainnet Launch Nears

Nillion (NIL) has surged significantly in recent days, with its price rising by over 239% in seven days. This rally is largely driven by the upcoming Ethereum mainnet launch of Nillion's encrypted Covenants protocol and a breakout above $0.1417.

The token's trading volume has reached nearly $189 million, highlighting the scale of the recent move. As a result, Nillion now carries a market capitalization near $73.6 million.

Nillion's price has formed higher highs and higher lows since recovering from its swing low at $0.03864 on the four-hour chart. This bullish structure suggests that the token may be entering a new phase of price discovery if momentum holds.