PIPPIN Token Frenzy:...
PIPPIN Token Frenzy: Tenfold Surge in a Month—Euphoria and Risks Behind the Rally
2025-12-04 14:54
Based on historical data, PIPPIN traded below $0.03 in early November. However, the market experienced a sharp change at the end of November, with the token price soaring from $0.025 to $0.085 on November 23—an increase of over 200% in just one day.
The rally intensified in December. Based on Gate's data, as of December 4, PIPPIN has risen by 574.77% in just one month, with a seven-day increase of 248.76%.
01 Market Phenomenon: Unusual Price Trajectory of PIPPIN
PIPPIN's recent market performance has drawn attention in the crypto world. MarketWhisper's analysis from Gate Square shows that this token recorded an extraordinary increase of 800% in just two weeks, soaring from a low of $0.02 to a high of $0.2.
Such a drastic price spike is rarely seen in traditional financial markets, but occasionally appears in small-cap crypto assets.
The trading volume data is also striking. At the peak of the rally, PIPPIN's 24-hour trading volume exceeded $154 million, while the liquidity of its main trading pairs was only around $7.4 million.
This means that the trading volume was more than 20 times the available liquidity—an extreme ratio that often indicates potential price manipulation or repeated wash trading practices by the same capital, creating the illusion of market activity.
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