Okay, let me address this question about why the price of PIPPIN's stock has increased over the past 24 hours. First, I need to look at the available data. The live price data shows an increase of 61.74% over the past 24 hours, which is a significant rise. Technical analysis tools point to moving averages, the MACD indicator, the Relative Strength Index (RSI), and Fibonacci levels. The RSI is around 75, which is in the overbought territory, indicating strong buying pressure. The MACD chart is positive, suggesting upward momentum.
Looking at news articles, there is a reference to the Federal Open Market Committee meeting scheduled for December 10, 2025, where a 25 basis point interest rate cut is expected. This anticipation may drive up prices for high-risk assets, such as cryptocurrencies. Specifically, PIPPIN is part of the Solana ecosystem, and cryptocurrencies built on Solana, like PIPPIN and HumidiFi, are seeing significant increases. The article notes that the price of PIPPIN rose by 93% over 24 hours, reaching an all-time high.
Another report addresses significant activity from major investors. A major Solana investor invested $3.3 million in PIPPIN, and we observed coordinated accumulation from 50 wallets that purchased $19 million worth of PIPPIN. This type of activity can significantly raise the price due to reduced supply and increased demand. Additionally, 26 wallets withdrew 44% of the circulating supply from exchanges, decreasing liquidity and potentially amplifying price movements.
A trading competition was held on the Binance Alpha platform, offering $8,000 in PIPPIN, which ended on December 9. This may have increased trading activity and demand for PIPPIN, as participants sought to win the prizes. Additionally, derivatives markets show significant interest, with 72% of traders shorting PIPPIN. When the price rises, short sellers may be forced to cover, putting pressure on short positions, driving the price even higher. Short positions worth over $11 million were liquidated on December 1, contributing to increased upward pressure.
However, there is also a downside. The Relative Strength Index (RSI) reaching overbought levels may indicate a potential pullback. Additionally, high leverage and negative funding rates suggest many traders are betting against PIPPIN, which could lead to sharp volatility. The absence of natural demand, as evidenced by a 45% drop in transaction volume on the blockchain, raises concerns about the sustainability of the coin.
Overall, the main drivers appear to be anticipation of the Federal Open Market Committee meeting, coordinated buying from large investors, competition on the Binance trading platform, and sudden price spikes. However, technical indicators and market sentiment show both bullish and bearish factors. Therefore, I will present this in an organized manner, highlighting key points supported by evidence from available data and news articles.
Summary
The price of PIPPIN rose by 61.7% over 24 hours (compared to a 1.2% rise in the cryptocurrency market), driven by whale accumulation, bets on interest rate cuts by the Federal Open Market Committee, and pressure on short positions.
Dominant whale presence - coordinated purchases of $19 million and withdrawal of 44% of the supply
Federal Open Market Committee catalysts - traders are anticipating potential liquidity boosts that favor altcoins
Bear trap dynamics - 72% of short positions liquidated $11 million as the price broke to an all-time high
Deep dive
1. Whale accumulation and supply shock (bullish trend)
Overview: Blockchain data reveals that 50 wallets bought $19 million worth of PIPPIN in synchronized movements, while 26 addresses withdrew 44% of the circulating supply ($96 million) from exchanges (bubble maps). This has effectively reduced selling-side liquidity.
What this means: A decrease in order volume amplifies price movements - a $3.3 million purchase by a major Solana investor on December 7 achieved unrealized gains of $740,000 (according to CoinMarketCap). As the number of available tokens decreases, the fear of missing out among individual investors and derivatives activity exacerbates volatility.
Key indicator: Exchange reserves are now at 56% of pre-pump levels - watch for deposit spikes indicating profit-taking.
2. Speculation regarding interest rate cuts by the Federal Open Market Committee (mixed)
Overview: Markets predicted a 89.9% probability for a 25 basis point interest rate cut by the Federal Reserve on December 10 (Yahoo Finance), boosting demand for high-risk assets. The price of PIPPIN rose by 93% during the day to reach $0.365, as traders turned to high-risk Solana ecosystem tokens.
What this means: While overall liquidity helps, the 714% increase in the value of PIPPIN over 30 days indicates specific momentum for the coin. After the Federal Open Market Committee meeting, the risk of "selling the news" increases if the guidance is disappointing.
Key things to watch: Federal Reserve statement at 8 PM GMT - a dovish stance may extend the rise; a hawkish shift may lead to profit-taking.
3. Short pressure fueling momentum (bullish/bearish)
Overview: Despite 72% of traders shorting PIPPIN, its price reached an all-time high of $0.36 on December 10, resulting in the liquidation of $11 million in bearish bets. Negative funding rates (-0.002%) indicate a continued counter trend to the prevailing trend.
What this means: Sellers misinterpret the rise caused by whale movements, creating automatic buying pressure when stop-loss orders are triggered. However, the Relative Strength Index of 75 indicates overbought conditions, and corrections often follow such extreme cases.
Critical level: Closing below $0.30 (an 8% drop) may lead to successive sell-offs; maintaining the $0.34 level may extend gains toward the $0.427 Fibonacci extension level.
Conclusion
The rise of PIPPIN combines artificial scarcity (whale withdrawals), favorable macroeconomic conditions, and reflexive effects driven by leverage. While the momentum leans in favor of buyers, the annual gains of 2135% and weak blockchain activity (-45% transaction volume) indicate the unsustainability of this rise.
Fundamental watch: Monitor whale wallet activity and Federal Reserve comments - coordinated selling or hawkish rhetoric may lead to a rapid decline in the value of this cryptocurrency.
This is not financial advice
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه
