PIPPIN (pippin) rose 55.39% in the last 24 hours

Gate News Bot news, December 2, according to CoinMarketCap data, as of the time of writing, PIPPIN (pippin) is currently priced at $0.22, with a rise of 55.39% in the last 24 hours, reaching a high of $0.22 and a low of $0.04. The current market capitalization is approximately $216 million, an increase of $77.1 million compared to yesterday.

Pippin is a project dedicated to creating gentle miracles and intangible connections, with the philosophy of cultivating beauty through kind words. The project includes a token, a unicorn character named Pippin, and a technical framework built on the experience of BabyAGI. Pippin emphasizes that every small act of kindness can harmoniously resonate two worlds.

Important news about PIPPIN recently:

1️⃣ Large holders cashing out for profit A long-term holder of PIPPIN recently sold all 24.8 million tokens, making a profit of approximately $3.65 million, with a profit margin of 4066%. This transaction reflects early investors starting to cash out their gains, which may have a short-term impact on market supply.

2️⃣ Short-term investors achieve high returns An investor purchased 8.2 million PIPPIN for $180,000 about a month ago, and the current paper profit exceeds $1.35 million. This high return in a short period may attract more speculative funds to enter, driving the price further up.

3️⃣ Abnormal Market Trading Model PIPPIN has recently exhibited abnormal trading patterns, including concentrated accumulation and refusal to sell, leading to frequent forced liquidations of short positions. This trading pattern may cause significant price fluctuations, increasing market uncertainty.

From a technical perspective, the price of PIPPIN has shown a strong pump trend over the past week, rising from $0.06 to $0.22, an increase of over 260%. However, such a rapid price rise also comes with significant pullback risks. Investors should closely monitor changes in trading volume and potential price support levels to assess the sustainability of the current rise.

This message does not constitute investment advice; investors should be aware of market volatility risks.