In the attached images, it can be clearly observed the evolution of the distribution of the supply of this token across its various chains. The most relevant data is that, in practically all of them, the available supply is already almost entirely absorbed by a small number of addresses, which directly explains the recent bullish movement (pump).
When the market enters a phase where most of the liquid supply has been consumed, the price usually reacts upwards due to simple scarcity pressure. However, this type of structure has an almost inevitable consequence: the risk of a massive sell-off increases significantly. As the supply concentrates, price control shifts to very few participants.
Distribution indicators show that:
The Top 100 wallets control an extremely high percentage of the supply, in some cases close to the total available.
The Distribution Score, according to on-chain analysis scales, is in ranges that indicate high concentration, which historically implies greater volatility and lower price stability.
In several chains, one or two wallets dominate more than 50% of the supply, which raises the systemic risk of the asset.
This context does not invalidate the bullish movement that has already occurred, but it does radically change the risk profile for new entries. Initiating aggressive purchases at highs, when the supply is so concentrated, exposes the trader to abrupt corrections if the whales decide to take profits.
In scenarios like this, the market tends to alternate between explosive movements and deep retracements. Prudence lies in understanding that the pump is already explained by the absorption of the supply, and that the next probable phase is not accumulation, but distribution.
Risk management, additional confirmations, and appropriate position sizing are key at this point in the cycle.
The recent activity in the flow tables (activity only from the last hour) reveals highly coordinated operations by entities with high holdings. These addresses acquire large amounts of PIPPIN and execute minimal sales at brief intervals. This behavior does not reflect a genuine distribution, but rather a strategy designed to control the speed of price advancement and maintain the structure at their own pace.
The observed pattern consists of constant purchases of tens of thousands of tokens, accompanied by symbolic sales that superficially balance the volume.
This method generates an apparent slowdown of the bullish momentum, which prevents the free market from activating an explosive advance. Thus, the main entities consolidate larger positions without pushing the price into areas that could attract opposing liquidity or intervention from external algorithms.
The key lies in the relationship with short positions. When an asset has active shorts, each liquidation zone acts as a forced buy. If the price advances strongly and reaches multiple liquidation levels, those purchases are executed automatically and create an acceleration effect. In that scenario, sell order blocks lose resistance and buy blocks exceed the available supply.
To avoid a premature activation of this mechanism, entities operating with large capital adjust the market's pace through small selling cycles. This way, they reduce the speed of movement and prepare for a controlled advance that can attract additional liquidity without generating spikes. The reading of the set indicates a tactical preparation for a greater bullish movement, supported by continuous accumulation, impulse control, and temporary neutralization of pressures associated with forced liquidations.
Structured analysis of the recent behavior of PIPPIN from the perspective of Smart Money
They should not think that this has ended. The correct question is not whether PIPPIN went up, but why, while at recent highs, the whales did not sell. When an asset is extraordinarily concentrated in few hands, its real operational value is only one: to generate profits at the moment of sale. The fact that these same entities did not liquidate at the most profitable available point reveals that they were not looking to capture that momentum, but something greater. This forces us to discard the hypothesis of manipulation by coordination of bots or retail networks and directs attention towards a different model: a strategic sequence characteristic of Smart Money.
The price has experienced a significant shift: it moved from operating below the POC to positioning itself above (current ~1.705). This movement occurred alongside a spike in buying volume (approx. 204k) and positive Delta bars during the upward phase, suggesting buying aggression that broke the previous equilibrium. The recovery exceeds the visible VWAP on the chart, turning the intraday average into potential support and altering the intraday bias to neutral/bullish conditional on confirmation.
Advanced Analysis of PIPPIN: Concentration and Whale Movements
$pippin has shown recent scenarios of high volatility and concentrated accumulation, reflecting market dynamics dominated by large players. In the last week, the price went from 0.08 USD to 0.24 USD and, more recently, reached 0.39 USD, evidencing the presence of significant buying pressure and confrontations between different levels of liquidity. Recent news about whales indicates strategic accumulation movements. A group of approximately 50 coordinated wallets concentrates around 73% of the total circulating supply of PIPPIN. Recent movements include the acquisition of 16.35 million tokens by a single wallet, equivalent to around 3.3 million USD, demonstrating that there is still absorption capacity, albeit limited, in this phase of the rally. These behaviors generate restrictions on available liquidity for the rest of the market, amplifying price sensitivity to any significant sell order from these entities.
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In fact, one cannot fully trust market logic; one can only analyze it, but absolutely should not execute based on it as an instruction.
For example, everyone tells you what positions are support and what positions are resistance. When you take profit or stop loss at those positions, do the market makers not anticipate your predictions?
Therefore, my advice is to use candlestick patterns as a judgment of trends while considering macroeconomic factors and Federal Reserve news as references. Then, at the pre-set take profit/stop loss levels, close your positions in advance to avoid being counter-predicted by the market makers and getting pinched.
There is a saying: when logic becomes consensus, it no longer makes money. The real money is made by those who go against the consensus.
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Do you really have to follow the big trend to trade? Completing a market cycle can indeed lead to small profits. Why is it said that trading contracts in the short term requires more skill than in the long term? For example, you might understand this better. Who can’t do long-term trading? It’s just about controlling the liquidation price and holding on! Short-term trading requires precise grasping of every support and resistance level, then entering the market boldly, taking profits as they come. This allows for maximum profit within a limited time. Of course! This greatly tests a trader's skills; generally speaking, too high a trading frequency leads to a low win rate. Currently, among those known in the market, there are no more than 5 people whose short-term win rates exceed 90%. Therefore, short-term trading is suitable for those with a small capital who want to double their investment quickly. And I believe I’m the only one who can hit the mark within 5 dollars! The naked K, Bollinger Bands + EMA strategy will prove this for me! You can only profit in one direction within the big trend, while I can profit from both sides, truly achieving a trade-off between time and space, and efficiently locking in profits! $ETH
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