On December 2, according to GMGN market information, the Solana ecosystem meme coin PIPPIN has risen against the trend, with a market capitalization exceeding $200 million, currently priced at $0.208, and a 24-hour increase of 42.3%. Previously, analyst @frontrunnersx noted that PIPPIN exhibited abnormal trading patterns. Some wallets concentrated on Accumulation and refused to sell, pushing up the price and attracting short positions to get on board. The short positions were continually “Long Wick Candle” and Get Liquidated, forming a leveraged “death loop.” BlockBeats reminds users that meme coin prices are highly volatile, and users should invest with caution.
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PIPPIN is rising against the trend with a market capitalization surpassing 200 million USD, and a 24-hour pump of 42.3%.
On December 2, according to GMGN market information, the Solana ecosystem meme coin PIPPIN has risen against the trend, with a market capitalization exceeding $200 million, currently priced at $0.208, and a 24-hour increase of 42.3%. Previously, analyst @frontrunnersx noted that PIPPIN exhibited abnormal trading patterns. Some wallets concentrated on Accumulation and refused to sell, pushing up the price and attracting short positions to get on board. The short positions were continually “Long Wick Candle” and Get Liquidated, forming a leveraged “death loop.” BlockBeats reminds users that meme coin prices are highly volatile, and users should invest with caution.