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NEXO risks 50% drop due to regulatory pressure and investor concerns

Published 09/30/2022, 12:41 PM
Updated 10/01/2022, 02:40 PM
NEXO risks 50% drop due to regulatory pressure and investor concerns

Crypto lending firm Nexo is at risk of losing half of the valuation of its native token by the end of 2022 as doubts about its potential insolvency grow in the market.

For the unversed: Eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities to investors without alerting them about the risks of the financial products.

Comparisons with Celsius

The top 100 NEXO holders collectively own 95.53% token supply. Source: Etherscan
NEXO/USD 3-day price chart featuring ascending triangle breakdown setup. Source: TradingView

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Latest comments

Seeing the 36% yields they give me on some crypto assets is why I haven’t put anymore than my original $100 in with Nexo. That yield isnt sustainable without massive risk. Im good.
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