PIPPIN (pippin) 24-hour increase of 25.03%

Gate News Bot Message, December 24 — According to CoinMarketCap data, at the time of press, PIPPIN (pippin) is trading at $0.48, up 25.03% in the past 24 hours, with a high of $0.50 and a low of $0.30. The 24-hour trading volume reached $82.6 million. The current market capitalization is approximately $479 million, an increase of $95.8 million from yesterday.

Pippin is a project dedicated to building a gentle and inclusive community. The project features the theme “Wobbly Worlds,” emphasizing kind interactions and organic connections, with infrastructure based on BabyAGI framework technology. It includes the Pippin unicorn character design and related storytelling philosophy, supported by a token mechanism to sustain the community.

Recent Important News about PIPPIN:

1️⃣ Solana Chain Meme Ecosystem Continues to Heat Up, Driving Token Price Up

PIPPIN performs outstandingly among Meme tokens on the Solana chain, with a 35.5% increase over the past 24 hours, and a market cap of $486 million. As a star project within the Solana ecosystem, PIPPIN’s strong performance reflects an overall increase in activity within the chain’s Meme token ecosystem. Several other Meme tokens on the chain also saw significant gains, indicating high market enthusiasm. As a leading player, PIPPIN has attracted concentrated market funds, becoming a key driver of the token price increase.

2️⃣ Smart Money Continues Net Inflows, Confirming Market Optimism

In the past 24 hours, PIPPIN ranks first in net inflows among smart money, with a net inflow of $20,000. Smart money, representing forward-looking capital among market participants, often signals strong project fundamentals and positive market sentiment. The continued selection by institutional-level investors provides strong financial support for the token’s rise and indicates professional investors’ confidence in the project’s future development.

3️⃣ Mind Network Strategic Partnership Lays Foundation for Ecosystem

Mind Network officially launched its strategic layout for the Solana AI-Agent ecosystem, listing the PIPPIN community as a primary partner. Additionally, 1% of the total Pippin token supply has been transferred into its FHE project wallet as a long-term community incentive reserve. The newly launched “Unicorn Reserve” incentive plan allows users to lock FHE to receive Pippin airdrops, with rewards released in phases to encourage long-term participation. This strategic partnership deeply integrates privacy computing with the AI Agent ecosystem, providing institutional support for the project’s long-term development.

4️⃣ Market Liquidity and Holding Structure Constraints Require Close Attention

The token supply controlled by insiders accounts for 80%, valued at about $380 million, with relatively limited market liquidity and a highly concentrated holding structure. On-chain monitoring shows 16 new wallets with similar accumulation patterns and 11 related wallets holding approximately 9% of the total supply. This highly concentrated holding structure, combined with recent sharp price fluctuations—from $0.28 to $0.53, with a drop of over 20% within an hour—reflects risks related to market liquidity constraints and large holder positions. Investors should carefully monitor changes in holding structure and actual market liquidity conditions.

This message is not investment advice. Please be aware of market volatility risks when investing.