NEXO · a fixed token where the buyback is parked, not burned.
NEXO is the utility and revenue-share token of the Nexo CeFi platform, an ERC-20 on Ethereum — a fixed 1B supply, fully issued since 2018 and already all counted as circulating.
Sell pressure. None. There is no mint, no remaining vesting, and no bankruptcy estate — the supply cannot grow.
Buy pressure. A revenue buyback parks repurchased NEXO in a locked reserve rather than burning it — and those coins already count as circulating, so it removes no counted supply.
Net. 0% — flat. Nothing is added and nothing counted is removed, so supply stays steady, in line with our monitor.
NEXO has no mint. The on-chain supply is fixed at 1B coins and has never grown, so no new coins can reach the market.
The full 1B supply was issued back at the 2018 launch and is already circulating — there is no remaining vesting schedule and no future unlock to release into the market.
No public evidence of a discretionary company release in the window — monitored. The main identified overhang is the Investor Protection Reserve, which holds about 114.8M NEXO from past buybacks and has not moved at the last refresh; those coins are already counted as circulating.
Nexo is a solvent operating company — there is no bankruptcy estate or court-ordered distribution to release NEXO.
Nexo runs a revenue-funded open-market buyback — a $50M program was approved by governance in December 2025 — but repurchased NEXO is parked in a locked on-chain reserve for 12 months rather than burned, and those coins are already counted as circulating, so the buyback removes no counted supply. The reserve has not grown at the last on-chain refresh, so no accumulation is booked this window.
NEXO is a utility token with no protocol-level fee burn — no transaction or gas mechanism destroys coins.
There is no separate discretionary treasury buying outside the published buyback program — monitored.
No new multi-year lock or escrow that would take NEXO off the market was announced in the window — monitored.
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