A long-term holder just cashed out their $pippin bag after riding it for over 12 months—walking away with $3.74M and a 3965% gain.

The play started simple: 450 $SOL ($90K at the time) into 24.8M $pippin tokens when nobody was paying attention. Fast forward to January 11th, that position peaked near $7.6M. But instead of taking profits? Radio silence. Then $pippin bled hard—market cap collapsed under $10M—and the paper gains evaporated.

Now the exit's finally triggered. Still netted $3.65M in pure profit, but that's less than half of what was sitting there at the top. Classic case of conviction turning into stubbornness, or maybe just playing a different timeframe than the rest of the market.