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Pippin [PIPPIN] made a striking move over the past 24 hours, posting a 26% gain the largest advance across the crypto market during this period. While the rally has drawn fresh capital into the token, a closer look at derivatives and liquidity data suggests caution: the short-term upside may be fragile, and the recent surge could be setting the stage for a potential reversal.
Derivatives Drive the Rally
The current rally in PIPPIN is being fueled largely by activity in its derivatives market. Open Interest (OI) has surged to around $11.2 million the highest level since January 8 signaling that fresh capital is entering the market, according to Coinalyze. For context, OI represents the total value of open futures positions across both long and short traders. When OI rises alongside the price, it often reflects growing long exposure, with bullish traders betting on further upside.
The aggregated Funding Rate also remained positive at 0.0055%, indicating that longs are paying a premium to hold their positions. This dominance of bullish positioning has undoubtedly supported the recent price advance. Yet, while derivatives activity explains the short-term surge, broader market signals hint that the rally may not be sustainable.
Liquidity Clusters Highlight Potential Resistance
A glance at PIPPIN’s liquidation heatmap reveals elevated liquidity clusters above the current price, particularly around the $0.35 mark. These clusters, where unfilled orders and leveraged positions accumulate, often act as both magnets for price and resistance points. Should PIPPIN sweep through this overhead liquidity, the rally could quickly reverse.
On the downside, a notable liquidity cluster sits near $0.24. If the token fails to sustain higher levels, a sharp drop toward this zone could follow representing a potential 31% decline from the recent peak. This scenario aligns with a classic bull trap: late entrants are drawn in during a strong upward move, only to face a swift reversal and liquidation.
Mixed Momentum Signals
Momentum indicators paint a conflicted picture. On the bullish side, the Moving Average Convergence Divergence (MACD) has formed a Golden Cross, with the MACD line crossing above the signal line, reflecting improving short-term momentum. The histogram is stabilizing, suggesting bearish pressure is easing.
However, the Average Directional Index (ADX) indicates that the strength of the move remains limited. At the time of writing, the ADX has yet to breach the 25 level a threshold typically associated with strong, sustained trends. Until the ADX confirms a robust trend, the rally should be viewed as tentative rather than a signal of broader market strength.
Adding another layer of caution, PIPPIN’s price has moved into a well-defined supply fair value gap (FVG), a zone created during prior declines and recovery attempts where selling pressure previously dominated. This inefficient pricing area could act as resistance, and a failure to hold above it may trigger further downside.
Final Thoughts
Pippin’s 26% surge highlights the power of bullish derivatives positioning and short-term momentum in driving crypto price action. However, the presence of overhead liquidity clusters and the supply fair value gap signals rising risk. Traders entering the rally now should remain cautious, as the current move could reflect temporary positioning rather than a genuine shift in market structure.
In short, PIPPIN is flashing both excitement and warning signs: a sharp upside move accompanied by elevated risk of a pullback. Watching how the token interacts with overhead resistance and liquidity clusters will be key in the next 24–48 hours.

While most of the market has been moving quietly, Avalanche has been doing the opposite behind the scenes.

Over the past few weeks, the AVAX ecosystem has continued pulling in serious capital. Even on 10 February, when broader sector activity noticeably cooled off, Avalanche stayed active. The chain recorded around $135 million in monthly net inflows, putting it ahead of most major blockchains. Weekly inflows climbed to roughly $60 million, while daily inflows reached $7 million strong enough to rank it fourth across both time frames.

That kind of consistency doesn’t usually happen by accident.

What makes this even more interesting is what’s happening on-chain. Since early January, AVAX active addresses have surged more than 242%, pushing far beyond any previous 2024 levels. Monthly active addresses crossed 1.6 million, signaling a sharp increase in real network participation. On 10 February alone, daily activity on the C-Chain spiked to record levels above 1.6–1.7 million addresses.

This surge in usage came at a time when price action was doing the exact opposite.

AVAX has retraced more than 84% from its October peak, stabilizing in the $8.85–$11.86 support zone. Sentiment has been fragile, confidence shaken, and many holders underwater. Yet despite the bearish mood, users kept transacting. Activity didn’t collapse. It expanded.

That kind of divergence rising adoption while price bleeds is often where the most important structural shifts begin. It suggests that beneath the surface-level pessimism, conviction hasn’t disappeared.

From a technical standpoint, the chart tells a story of exhaustion. Sellers appear to have run out of momentum near the $8 level after months of sustained downside pressure. The MACD printed a bullish cross right at support, and the RSI dipped deep into oversold territory around 29. Those signals don’t guarantee a reversal, but they often appear when markets are nearing local bottoms.

Still, technical signals alone aren’t enough. For any meaningful expansion to take shape, volume has to confirm. Without rising participation on the buy side, even strong setups can fail and turn into another dead-cat bounce.

What adds fuel to the volatility narrative is liquidity positioning. Most of the downside liquidity was cleared ahead of 10 February. Now, liquidation data shows a growing cluster of upside liquidity between $10 and $12. That creates a mechanical magnet. Markets are often drawn toward areas where liquidity is concentrated, not because of optimism, but because that’s how they function.

In other words, volatility may not be a choice it may be inevitable.

Right now, Avalanche sits at an interesting crossroads. On-chain activity and capital inflows show strength. Price structure shows damage but also exhaustion. Liquidity is stacked above, waiting.

This isn’t a clean recovery story yet. It’s tension. It’s contradiction. And historically, those are the environments where explosive moves are born.

Whether that expansion becomes the long-awaited breakout or just another temporary reaction will depend on one thing confirmation. Until then, AVAX looks less like a fading altcoin and more like a compressed spring.
$AVAX

Change has always defined technology. What starts as an experiment quietly evolves into infrastructure, and before people fully process it, the next shift is already underway. Blockchain is following that exact path. It moved from a niche corner of the internet to a mainstream financial and technological force. Now, another transformation is taking shape the rise of AI-powered blockchain activity.

AI agents are no longer theoretical concepts. They are actively participating on-chain, executing transactions, making autonomous decisions, and optimizing processes without constant human input. This isn’t just automation; it’s intelligence layered onto decentralized systems. The result is a smarter, more efficient blockchain environment that extends far beyond simple token transfers.

Solana is positioning itself directly inside this shift. A recent post on X highlighted a striking number: 38 million transactions involving autonomous agents. That figure alone signals more than experimentation. It suggests real usage, real interaction, and growing integration of AI-driven functionality within the network.

Interestingly, the attention wasn’t limited to AI. The phrase “no more memecoins,” shared through Solana’s official X account, immediately stirred debate across the crypto community. Binance founder CZ stepped in to defend memecoins, while critics were quick to remind everyone that centralized exchanges profit heavily from listing them. The conversation quickly turned emotional, but beneath the noise lies a deeper structural change happening on-chain.

The more important narrative isn’t about whether memecoins deserve support. It’s about where capital and activity are flowing. On-chain data shows that Solana, despite dipping below $100 during recent market turbulence, remains fundamentally strong. Weekly spot DEX volume reached a 13-week high of $36 billion, placing Solana ahead of other Layer 1 chains. That level of activity doesn’t happen purely on speculation. It reflects sustained engagement.

At the same time, memecoins on Solana have taken a noticeable hit. Official Trump (TRUMP) fell by 40%, and the broader memecoin market cap dropped 35% this month. Historically, periods of market fear pushed traders toward memecoins for high-risk, high-reward plays. But this time feels different. The traditional “quick flip” appeal appears weaker when overall risk appetite is tightening and when alternative narratives like AI utility are gaining traction.

The contrast is becoming clearer. On one side, memecoins rely heavily on momentum, community hype, and rapid speculation. On the other, AI-driven activity generates measurable on-chain transactions tied to functionality. Thirty-eight million AI-agent transactions aren’t social media trends; they’re recorded network interactions. That kind of data carries weight.

This doesn’t necessarily mean memecoins disappear. Crypto has always been cyclical, and narratives rotate quickly. However, the current environment suggests that investors are increasingly paying attention to sustainable utility. Strong DEX volumes combined with AI-driven on-chain growth indicate that Solana’s foundation is being reinforced by usage rather than solely by hype cycles.

The bigger question AMBCrypto raises is whether AI could finally resolve the long-running memecoin debate. If on-chain metrics continue to favor AI-driven projects and utility-based applications, memecoins may find themselves competing for attention in a market that is maturing. Speculation will always exist in crypto, but capital tends to migrate toward narratives that demonstrate staying power.

Solana’s current trajectory places it at the center of this transition. Even amid market FUD and price volatility, the network is expanding its functional footprint. The 38 million AI-driven transactions are not just a statistic; they represent a directional shift. Investors appear more willing to back real network activity and evolving infrastructure rather than short-term speculative waves.

If this trend continues, Solana could emerge as one of the Layer 1 chains leading the next stage of blockchain adoption one powered less by viral tokens and more by intelligent, autonomous systems operating directly on-chain.
#Solana #SOL #Write2Earn $SOL