STAY away from $PIPPIN
PIPPINUSDT
Perp
0.02641
-0.93%
Post
$PIPPIN Scam Part 2! Here's another unique insight on Pippin guys.
Previously, I showed you that how whales have 108M order stacked at 0.05 price on buy side. Whereas, on sell side they have 245k on 2.0 price.
In this picture, you can see two biggest red flags, and this also clears that how they are controlling the price.
Usually if you see meme coins, or on binance, specially if you see alpha coins like $Light or any other alpha coin, these coins have low MC and usually top 10 holds more than 70-80% and once the big holder sells price goes down.
But pippin has a different approach, here you can see in picture top 10 holders merely hold 29%, which seems very good on coin transparency.
But then we see layering, means many wallets are interconnected with each other, in fact 50% supply is being controlled by this wallet bubble where many small wallets are holding merely 1% of pippin but are interconnected with each other.
these are the wallets/holders, controlling the price and they sell and buy it in a very coordinated way so that every time they trap retailers, grab funding fee and sell some holdings. Next day they again buy those sellings at a cheaper rate, price goes up, funding fee negative and they again trap retailers and cycle goes on.
it's not one man show. it's community driven scam. And in my next post, I'll show you how their community is working together for this scam. They have a goal to go above $1 price mark for now.
Keep then save your capital and leave this shit coin out if you don't gave capital to handle their scam as it's not going down anywhere soon like $BEAT , $LIGHT or $Truth
Stay Safe
#Pippin #BinanceAlphaAlert
Previously, I showed you that how whales have 108M order stacked at 0.05 price on buy side. Whereas, on sell side they have 245k on 2.0 price.
In this picture, you can see two biggest red flags, and this also clears that how they are controlling the price.
Usually if you see meme coins, or on binance, specially if you see alpha coins like $Light or any other alpha coin, these coins have low MC and usually top 10 holds more than 70-80% and once the big holder sells price goes down.
But pippin has a different approach, here you can see in picture top 10 holders merely hold 29%, which seems very good on coin transparency.
But then we see layering, means many wallets are interconnected with each other, in fact 50% supply is being controlled by this wallet bubble where many small wallets are holding merely 1% of pippin but are interconnected with each other.
these are the wallets/holders, controlling the price and they sell and buy it in a very coordinated way so that every time they trap retailers, grab funding fee and sell some holdings. Next day they again buy those sellings at a cheaper rate, price goes up, funding fee negative and they again trap retailers and cycle goes on.
it's not one man show. it's community driven scam. And in my next post, I'll show you how their community is working together for this scam. They have a goal to go above $1 price mark for now.
Keep then save your capital and leave this shit coin out if you don't gave capital to handle their scam as it's not going down anywhere soon like $BEAT , $LIGHT or $Truth
Stay Safe
#Pippin #BinanceAlphaAlert
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