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The Solana ecosystem meme coin PIPPIN has risen 61% against the trend, analysts say the long positions are exceptionally strong in controlling the market trend.
On December 1st, according to GMGN market information, the Solana ecosystem meme coin PIPPIN rose against the trend today, currently quoted at 0.1788 USD, with a 24-hour increase of 61.9%. According to analyst @frontrunnersx, PIPPIN has shown unusual trading patterns. Some wallets are focusing on accumulation and refusing to sell, driving up prices and attracting short positions to get on board, which are continuously being “long wick candle” Get Liquidated, forming a leveraged “death spiral.” One address bought about 200,000 USD of PIPPIN 6 days ago, sold after the price doubled, and is currently conducting similar operations against ARC. BlockBeats reminds users that meme coin prices fluctuate greatly, and users should invest cautiously.