The nearly 200-fold increase of PIPPIN is indeed impressive, but the daily chart shows two consecutive spikes followed by pullbacks, and the chip distribution indicates that short-term risks are increasing.
There are obvious signs of coordinated trading behind this surge, with some addresses accumulating before the price increase and pushing it higher. Currently, nearly 80% of the supply is concentrated in the hands of a few internal addresses.
For traders who missed the two peaks, chasing the price increase now is not very cost-effective; a more prudent strategy is to wait for the next opportunity after a pullback.
When exactly should one enter the market and position in batches? @华尔街老陈 is pinned at the top, and I will announce it in the chatroom.
