$PIPPIN Strong Price Volatility and Investment Appeal
🔹The token has recorded significant increases, at one point soaring over 400% in a week and 556% in 30 days. This helped PIPPIN's market capitalization at one time exceed 330 million USD.
🔹About 50 secret wallets are believed to have coordinated to purchase a large amount of tokens, while 26 other addresses have withdrawn approximately 44% of the PIPPIN supply from exchanges, reducing the selling supply and amplifying the price increase.
🔸Reports indicate that there have been no significant source code updates recently, with development momentum seemingly stalled since late 2024. The last major update focused on AI agent architecture and the launch of a testing tool called Animation Playground.
🔸Its latest price trends are primarily driven by speculative sentiment, derivative leverage, and whale activity, rather than product updates or real utility. This is a type of asset with very high volatility.
What do you think will determine the future of PIPPIN, the strength of the community and speculative sentiment, or sustainability based on developing real utility from its AI origins?
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