PIPPIN is experiencing one of its strongest trading days to date, with a significant surge as investor interest rises in the meme coin market.
The altcoin's price has risen rapidly thanks to renewed support from influential holders, driving a new wave of speculation.
Pippin eggs continue to rise
Data from Nansen shows that PIPPIN whale wallets have aggressively accumulated over the past week. These whales, defined as wallets with more than $1 million in assets, have collectively added over 48 million PIPPIN. Their holdings have increased by 15% in seven days, highlighting renewed faith in the meme token's growth potential.
The visible accumulation contributes to the ongoing price rise, as private investors interpret whale activity as a bullish signal. Historically, concentrated buying from large players often precedes further increases, especially when liquidity is deep enough to support sustained demand. This pattern now appears to be forming around PIPPIN.
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On-chain holder data from Holderscan confirms increasing investor activity. The number of unique PIPPIN holders has risen to over 31,170, representing an increase of 11.8% over the past two weeks. This expansion of the holder base points to organic adoption and signals broader market interest beyond short-term speculation.
Increasing participation improves liquidity and reduces the risk of rapid price drops, which helps stabilize the price even during strong fluctuations. The broader distribution of supply also indicates healthier market conditions and supports PIPPIN's upward trend as long as the broad momentum remains intact.
PIPPIN is trading at $0.338 at the moment after reaching $0.392 at today's peak, thus setting a new ATH at this level. The altcoin recorded an intraday increase of 120%. This made it one of the market's strongest performers today, attracting significant attention.
If whale accumulation continues and growth among holders remains strong, PIPPIN could rise past resistance levels of $0.349 and $0.403. A successful breakout above these levels could open the door for a possible rise to $0.500 if bullish sentiment increases.
Rapid rises, however, often trigger profit-taking. If investors start selling to secure profits, PIPPIN may fall back toward the support level of $0.255. A deeper correction below this level could pull the price down to $0.186 and invalidate the bullish outlook.
