PIPPIN is in trouble, with the price dropping to $0.28, a decline of 14%. On-chain data shows that internal holdings are highly concentrated, with control held by a minority of 80%, which has raised concerns about liquidity in the market. Meanwhile, a large liquidation event of $3.8M has further squeezed the upside potential of AI concept coins, turning market sentiment cautious. On the technical side, PIPPIN faces two key support levels: below, can $0.24 hold the bottom line; above, a breakout of $0.35 is needed to change the short-term weak trend. Investors should closely monitor these two price levels.
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ApyWhisperer
· 01-11 00:45
80% is locked in the hands of a few people. Isn't this just a Ponzi scheme? You should have run long ago.
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ForkTrooper
· 01-09 10:36
80% concentrated in the hands of a few? Isn't this just a big player cutting the leeks?
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0.24 won't break, then it's really suspicious. Should have sold earlier.
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Another AI concept and liquidation—this looks like a dump no matter how you see it.
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Breakthrough 0.35? Sorry, I don't believe it.
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Such poor liquidity and still daring to hold positions—truly brave.
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This price is not far from 0.2. Has it bottomed out, everyone?
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Liquidation of 3.8M only drops 14%, indicating it can't be pushed down further.
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With such high concentration of holdings, no one can save the market, right?
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Let's wait and see if 0.24 breaks. If it does, it's really going to bleed.
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Why are all these AI coins so miserable this round? PIPPIN is no exception.
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AirdropF5Bro
· 01-08 12:58
80% is locked in the hands of a few people, this is a Ponzi scheme, the smell of a run-up before fleeing.
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GrayscaleArbitrageur
· 01-08 12:46
80% controlled by the minority? That's outrageous, definitely a pump-and-dump coin.
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Another AI concept coin, really aggressive in cutting.
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Can $0.24 hold? Feels uncertain.
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With this level of concentration, I think I'll wait and see.
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Liquidation of 3.8M, a 14% drop, is that considered mild?
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Even at this point, are there still people daring to buy the dip? I don't have that courage.
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Is $0.24 really the bottom support? I doubt it.
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Liquidity is concerning, easy to be hammered down to the floor.
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How difficult is it to break through $0.35? Feels like bad luck is more likely.
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Can minority control lead to good results? History tells us it can't.
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CantAffordPancake
· 01-08 12:43
80% of the chips are in the hands of a few people? Isn't this a typical pump-and-dump scheme? Why are you still hyping the AI concept... Should have run away long ago.
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AlphaWhisperer
· 01-08 12:34
80% concentrated in the hands of a few, isn't this the smell of a Ponzi scheme? No wonder it’s dropping so quickly.
PIPPIN is in trouble, with the price dropping to $0.28, a decline of 14%. On-chain data shows that internal holdings are highly concentrated, with control held by a minority of 80%, which has raised concerns about liquidity in the market. Meanwhile, a large liquidation event of $3.8M has further squeezed the upside potential of AI concept coins, turning market sentiment cautious. On the technical side, PIPPIN faces two key support levels: below, can $0.24 hold the bottom line; above, a breakout of $0.35 is needed to change the short-term weak trend. Investors should closely monitor these two price levels.