Crypto enthusiasts understand: "The K-line of meme coins is never just numbers; it's a heart monitor of human nature." Today, PIPPIN's surge in the last hour has leveraged the emotions of "AI + unicorn" more fiercely than the TPS of the Solana chain — but is the "meaty fragrance" in this market a real feast or a trap set by hunters?
Before the early morning opening, PIPPIN was still grinding at the low of 0.342, and the community was already in an uproar: "Mind Network locked 1% of the circulating supply for strategic reserves" as soon as the news broke, two wallet addresses directly dumped 1.5 million dollars to buy, this wave of "clear signal accumulation" directly shot the K-line from green columns to a rocket — within half an hour it reached an intraday high of 0.455, and the retail investors who followed the trend just shouted "breakthrough previous high," when suddenly a sell order of ten thousand pieces was dumped, and the price quickly returned to the 0.38 range, this wave of "high surge and drop" directly rubbed the short-term buyers chasing the rise against the floor.
But do you really think this is a 'pump and dump'? You're too young. Just look at the net inflow of USDT at 140,000 and the 16.8% surge in open contracts to understand: whales are 'selling while buying' — during that drop in the morning, a certain address instead added 3 million coins, with the cost stuck around 0.36. This reminds me of the guy who went all in on PIPPIN with 180,000 last week and made 3.6 million in three days; his catchphrase is 'the bottom of meme coins is always in the whales' pockets' — this wave of volatility today is essentially 'the controlling party washing out and absorbing chips': it cleans out floating chips while giving new retail investors the illusion of a 'buying opportunity'.
Looking at the indicators again: RSI has touched the overbought zone at 67, but the MACD red bars haven't shrunk, and KDJ's J value dropping to 2 has instead become a 'golden pit signal'. This market action is reminiscent of last year's BONK's 'washing method': first, panic selling, then leveraging good news to explode — don’t forget, the team behind PIPPIN is BabyAGI, with a technical platform that has 20,000 stars on GitHub, which is not something a pure air coin can compare to.
But I have to pour a bucket of cold water: today's rumor that 'insiders control 80% of the circulating supply' is not unfounded. During the rebound to 0.418 in the afternoon, a sell order suddenly appeared with 2 million 'neatly organized sell orders'; this is not a volume that retail investors can come up with — this coin is now a 'playground for whales to battle', and retail investors are just 'chip movers' when they enter.
That said, in the crypto world, it's all about the 'heartbeat odds': tonight there’s an airdrop for the AI agent testnet PIPPIN on the Solana chain, and if this sentiment ferments, reaching 0.5 is not impossible. My own position is 'half lying flat + half making trades', after all, with such coins, you earn on 'emotional premiums' and lose on 'cognitive deficiencies'.
Finally, let me ask: do you think tonight PIPPIN is a 'celebration to reach 0.5', or a 'tragic case of trapped positions dumping'?
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