Many people say: “Being trapped is painful, but liquidation is even more painful.”
I experienced on $pippin that kind of instantaneous zeroing, a pain that doesn't even allow for a reaction.
At that moment, I suddenly stopped blaming the market and stopped blaming the manipulators.
I started to look back: what exactly caused me to liquidate on PIPPIN?
Is it the market? Is it the emotions? Is it the project? Or is it myself?
Next, I will tell you from the perspective of a liquidator + as a KOL:
The underlying structure of PIPPIN
Why can it make so many people explode in an instant
Institutional/Background/Deep Tide Perspective
The real position compared to the same sector
Is there room for growth later, why
And if you want to make a comeback, how should you manage your mindset and understanding?
🔥 1. The essence of liquidation is not that the "direction was wrong," but that the "structure was misunderstood."
PIPPIN is a standard high volatility, high leverage inducing asset.
Pippin Token itself is a meme + high volatility narrative project, with core growth coming from:
Secondary emotional pull
Low construction cost
Leverage trading volume is extremely high
Retail chasing high
Capital Induction
Market making depth is thin
Ticker + Meme Story Marketing
What are the greatest fears of this type of asset?
👉 Afraid of high leverage + chasing trends + entering at emotional peaks
Its structure is not designed for "stability," but for "speed, excitement, and gambling."
When you get liquidated on PIPPIN, it’s not that you were unlucky, but:
⚠️ You approach "value investing" with a mindset, then go play with projects that are purely "emotional speculation."
Structural Mismatch → Liquidation is Inevitable.
🧨 2. PIPPIN can cause liquidations because it "looks very strong," but the underlying structure is very fragile.
From the perspective of deep tides: PIPPIN is in the "emotional aggregation + capital focus" track.
Deep tides (TechFlow) and other media have promoted similar structures of memes, sectors, and emotional cycles.
The common characteristic of these projects is:
Initial rise is very fierce
Market making depth is insufficient
On-chain position concentration is extremely high
Trends are prone to breaking
Once you miss it, the drop is not just 20%, but a direct spike of 40-80%.
So many people are "seeing it looks strong → increasing leverage → spike → liquidation."
It’s not because you’re stupid.
It’s because:
👉 This kind of project is essentially a "high liquidation rate model."
🐳 3. Institutional Background / Investor Structure / Position Distribution: Hidden "Liquidation Traps"
You must understand a core fact:
PIPPIN is not a project with strong endorsements in the traditional sense; institutions follow emotions rather than long-term value.
Unlike traditional projects with "real institutional backing":
PIPPIN's capital structure belongs to a "meme speculative capital structure" — most participants are:
Fast Turnaround Fund
High-Frequency Quantitative Trading
Market Maker Short-term Arbitrage
Emotional Trading + Flow Trading
Retail FOMO
Whale positions are often highly concentrated, on-chain behavior is:
Went up and then fell
Selling at emotional peaks
Liquidity gaps have many tricks.
High-Frequency Wash Trading + Fragmented Orders Inducing Buying
So your liquidation is not just bad luck.
But rather, you placed your own trading system into an ecology that is highly biased towards "hunting leverage."
Market cap, liquidity, position structure — this is the "mathematical explanation" for liquidation.
No matter which data source you use (CMC / DexTools / Birdeye / GeckoTerminal), PIPPIN has the following commonalities:
Liquidation is not because "you failed to hold your position" — it’s because the structure of this project itself is prone to liquidation.
Compared to other meme projects in the same sector — where does PIPPIN stand?
👉 PIPPIN belongs to the "very high liquidation rate range."
It does not have the scale moat like DOGE/SHIB;
nor does it have the long-term community + cultural foundation like BONK/PEPE;
It resembles a "meme hotspot pushed up in an emotional wave, then abandoned in the short to medium term."
If you play this kind of project with a mid-term / leverage logic, you will eventually get liquidated.
