PIPPIN has one of its strongest trading days so far. The price is rising sharply as investors show increased interest in memecoins.
The price of this altcoin has increased rapidly thanks to new support from large holders. This has led to speculation in the market.
The number of Pippin holders is increasing.
Data from Nansen shows that PIPPIN whales have bought a lot over the past week. These whales are wallets that hold more than 1,000,000 USD in assets. Together, they have purchased more than 48 million PIPPIN. Their holdings increased by 15% over seven days, indicating that they believe PIPPIN can rise even more.
The clear increase in purchases drives the price up. Small investors see that the big players are buying, which they often interpret as a positive signal. Larger purchases often lead to new rises, especially if there is good liquidity to meet demand. This pattern is now visible around PIPPIN.
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Chain data from Holderscan shows that more investors are entering PIPPIN. The number of unique holders has risen to over 31 170, which is an increase of 11.8% over two weeks. This growth shows that many really want to own PIPPIN and that interest is spreading beyond short-term speculation.
More holders improve liquidity and reduce the risk of sharp drops. It helps keep the price stable even if the market swings a lot. When more people own PIPPIN, the market also becomes more stable, supporting PIPPIN's rise if it continues.
PIPPIN is currently trading at 0.338 USD. Earlier today, the peak was 0.392 USD, which is a new all-time high. The altcoin increased by 120% during the day, making it one of the strongest on the market. It attracted a lot of attention.
If whales continue to buy and more buy PIPPIN, PIPPIN could break the resistances at 0.349 USD and 0.403 USD. If it succeeds, a rise towards 0.500 USD could become real as optimism grows.
But rapid rises often lead people to want to secure profits. If investors start selling now, PIPPIN may fall back to the support at 0.255 USD. If the price falls further down, it could go to 0.186 USD, and then the positive trend will weaken.
