#Pippin
This time, Pippin experienced a major crash, which is very similar to the situation where homeowners fought for their rights, causing a significant drop in property prices in the community. Basically, the quality of the delivered housing was not good enough, and homeowners fought for their rights in front of various media, leading to a sharp decline in property prices in the community.
This time, Pippin is mainly controlled by 93 wallets that hold 73% of the coins, and there are 16 new wallets that obtained a large number of tokens without any purchase records, resulting in excessive coin concentration, which poses a risk of liquidity being released.
Retail investors are worried about a sudden sell-off, and then demand the exchanges to delist on social media, further amplifying the feeling of fear, leading to panic selling. Coupled with technical indicators diverging and being severely overbought, it directly pushed the price down to around the strong support point of 0.3.
In fact, Master Brother has also ambushed some, earning about 10 last night, but this feels entirely like luck. The original plan was to take advantage of the technical indicators of overbought and divergence, but unexpectedly encountered panic selling $pippin
