Jakarta, Pintu News – On December 10, PIPPIN experienced one of its strongest trading days, rising sharply as investor demand increased in the meme coin market. The altcoin’s price rose rapidly due to renewed support from influential holders, fueling a wave of speculation.
Number of pippin holders continues to grow
Data from Nansen shows that PIPPIN “whales” have made massive accumulations over the past week. These whales are defined as wallets that have more than $1 million in assets, and collectively they have added more than 48 million PIPPINs to their holdings.
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Their holdings have increased by 15% in seven days, reflecting renewed confidence in the upside potential of this meme token.
This visible accumulation fueled the ongoing price rally as retail investors saw the whale activity as a bullish signal. Historically, massive purchases of large containers are often a harbinger of sustained price gains, especially when liquidity is deep enough to sustain sustained demand. This pattern seems to be forming on PIPPIN.
On-chain data from Holderscan also confirmed the increase in investor participation. The number of unique PIPPIN holders has now passed 31,170, registering an increase of 11.8% in the past two weeks. This growth in the holder base indicates organic adoption and indicates broader market interest, not just short-term speculation.
This increased participation helps to improve liquidity and reduce the risk of sharp price reversals, thereby helping to stabilize price movements even in the midst of market fluctuations.
The more even distribution of supply also indicates healthier market conditions, which could support PIPPIN’s upward trend as long as general market momentum remains strong.
PIPPIN price jumps sharply
PIPPIN is trading at $0.338 as of December 10, after briefly touching today’s high of $0.392 – which is also the latest All-Time High. The altcoin has recorded a daily gain of 120%, making it one of the best performing assets in the market and attracting great attention from investors.
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If the accumulation by whales continues and the growth in the number of containers remains strong, PIPPIN may break the resistance levels at $0.349 and $0.403. If it manages to cross these barriers, PIPPIN could continue its rally towards $0.500 as bullish sentiment increases.
However, quick rallies like this often trigger profit-taking. If investors start selling to secure profits, the price of PIPPIN risks correcting to the support level at $0.255. A deeper correction below this zone could push the price down to $0.186 and end the existing bullish outlook.
Frequently Asked Questions
What is PIPPIN?
PIPPIN is a meme coin that has recently experienced a significant price increase in the cryptocurrency market.
What is the highest price PIPPIN has ever reached?
PIPPIN hit a new high at $0.392.
What is the percentage increase in the price of PIPPIN?
The price of PIPPIN rose by 120% in one trading day.
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