Why did PIPPIN Coin surge, and why did many people get liquidated? (Cryptocurrency Science)
Pippin Coin ($PIPPIN) is a meme coin on the Solana blockchain, originating from an AI experiment: it evolved from an SVG unicorn image generated by the renowned AI developer Yohei Nakajima using ChatGPT. Later, the community deployed it as a token on Pump.fun, with a total supply of 1 billion. It has indeed experienced multiple 'explosive surges' recently (for example, from the end of 2025 to the end of 2025, it saw multiple increases of over 500%, and even over 100% in a single day), with its market value once skyrocketing to hundreds of millions of dollars, ranking in the top 100. However, the explosive growth of meme coins is almost always driven by high-risk FOMO, often featuring common 'scam' tactics: typical scam methods (PIPPIN has also exhibited similar characteristics):