$pippin Red flag alert in the meme coin market.

PIPPIN, a Solana-based meme coin, crashed 30% in just two hours, slashing its market cap to around $365 million. On-chain data shows that around 80% of the token supply is controlled by insiders, raising serious concerns about centralization and price manipulation.

A sharp reminder: liquidity can disappear fast when supply is heavily concentrated.

#PIPPIN #Solana #MemeCoin #CryptoRisk #OnChainData

PIPPINUSDT

Perp

0.40654

-10.48%