PIPPIN bucked the trend, surging over 61%, with analysts saying bulls had strong control.
TL;DR
PIPPIN surged 61% to $0.1798, defying market trends. Analysts note concentrated buying and no major selling, triggering short liquidations and price gains.
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According to Odaily data, Solana 's ecosystem coin PIPPIN bucked the trend and strengthened today, currently trading at $0.1798, a 61% increase in the last 24 hours.
According to analyst @frontrunnersx, PIPPIN has recently shown signs of concentrated accumulation, with some addresses continuously accumulating without any significant selling activity. This has caused the price to repeatedly hit short positions during its upward movement, triggering a chain reaction of liquidations. One address bought approximately $200,000 worth of PIPPIN six days ago, sold it after the price doubled, and is currently taking similar action with ARC.