PIPPIN is having one of its strongest trading days today. The altcoin surged sharply, and investor demand is accelerating across the entire memecoin market.
The altcoin rose thanks to new support from large holders. Meanwhile, this continues to drive a wave of speculation.
The number of PIPPIN holders continues to grow
Data from Nansen shows that whales PIPPIN aggressively accumulated in the last week. These are wallets with assets above 1 million USD. Together they added over 48 million PIPPIN. Their holdings increased by 15% in seven days. This shows a new faith in the growth potential of this memecoin.
Visible accumulation drives the ongoing price increase. Retail investors view whale activity as a bullish signal. Historically, concentrated purchases by large players have preceded further increases, especially with high liquidity supporting steady demand. Moreover, this pattern seems to be building around PIPPIN now.
Data from Holderscan confirms increasing investor engagement. The number of unique PIPPIN holders has already surpassed 31,170, representing an increase of 11.8% in two weeks. The broad base of holders highlights organic adoption and signals wider market interest, not just short-term speculation.
Greater participation improves liquidity and reduces the risk of a sharp decline, stabilizing the price even during volatility. A larger supply distribution also indicates a healthier market. This supports the upward trend of PIPPIN, provided it maintains broad momentum.
PIPPIN is trading at $0.338 at the time of writing, after reaching a peak of $0.392 today and establishing a new ATH. The altcoin gained 120% today. This has made it one of the strongest players in the market and attracted a lot of attention.
If whales continue to accumulate and the number of holders keeps growing, PIPPIN could break resistances at $0.349 and $0.403. A breakthrough in these areas could pave the way for a rise even towards $0.500, as bullish sentiment accelerates.
Rapid increases often provoke profit-taking. If investors start selling to realize profits, PIPPIN could fall to support at $0.255.
A deeper correction below this range could bring the price down to $0.186 and undermine the bullish scenario.
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