$pippin On-chain data shows abnormal fluctuations, and long positions have already released over 10 million dollars worth of chips. This kind of concentrated selling pressure is usually not a good sign.

From a technical perspective, the rally logic of these small-cap altcoins tends to be very fragile—momentum builds quickly, but crashes happen just as fast. Many project teams exploit retail investors' FOMO psychology, first creating a wave to attract attention, and then cashing out at high positions.

Personally, I tend to be bearish on the market outlook. Tokens without actual application support, once the main funds withdraw, have little room to fall. I have already opened short positions and advise everyone to be cautious about chasing highs and to control position risks.

PIPPINUSDT

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