CoinVoice has recently learned that the Meme coin PIPPIN on the Solana chain has dropped approximately 30% in the last 2 hours, with the current coin price at $0.372 and a total market capitalization of $365 million. The blockchain analysis platform Bubblemaps stated today that the token supply controlled by insiders of PIPPIN has reached 80%, valued at about $380 million. 16 new wallets have emerged with the same pattern, similar funding sources, receiving a comparable amount of SOL, no previous transaction history, and withdrawing PIPPIN in large amounts from CEX. Additionally, there is another group of 11 associated wallets that hold about 9% of the total supply, with fund flows and time windows highly consistent, suspected to be controlled by the same entity. CoinVoice has recently learned that Meme coins generally lack practical use cases, have significant price fluctuations, and investments should be made with caution.[Original link]