NYM crypto jumps 21% on GitHub buzz – But THIS zone still blocks bulls

Nym [NYM] rallied 20.9% on Friday, the 23rd of January. The trending token was also mentioned on social media by crypto intelligence platform Santiment.

It revealed that Nym was ranked second among privacy tokens for notable GitHub events over the past 30 days.

The high volume of developmental activity is something that investors look out for.

Given how the privacy sector’s top coins have performed, they might be looking for other infrastructure with smaller-cap tokens that could be the next investment opportunity.

Note that development activity is not a guaranteed predictor of success, but it is a good plus point for users and investors. The NymVPN upgrade released on the 19th of January was another example of ambition from developers.

Onchain metrics signal NYM accumulation

Source: Glassnode

The Holder Accumulation Ratio focuses exclusively on active holders. The metric measures the number of holders who have increased their holdings, compared to the number of holders who have seen a change in their holdings in either direction.

A reading of 78.3% showed that a large proportion of changing holdings were positive. This trend, traced back to December 2025, has steadily increased from under 60% then to nearly 80% now.

The metric filters out dormant holders and measures active market participants. Right now, it reflects bullish market sentiment.

Exchange supply trends added context

Source: Glassnode

The NYM token supply on exchanges has been falling, for the most part, since September. The Exchange Net Position Change tracks the 30-day change of supply held in exchange wallets.

Negative figures show token flow out of exchange wallets, another sign of accumulation. The metric was negative once again, after moving into positive territory for nearly ten days beginning in mid-January.

While these findings highlighted the bullish onchain bias, the price action remained firmly bearish. The $0.035-$0.040 was a nearby supply zone that must be overcome to instill short-term bullish momentum in the token.

Final Thoughts

• The Nym development activity and potential for growth and scaling could draw investor attention.
• Onchain metrics signaled NYM accumulation, but the price action does not yet reflect bullishness.