Solana's on-chain Meme coin PIPPIN saw a 35% cliff dive, fully retracing this month's gains
51 minutes ago
SOL
85.04
+0.67%
On January 6, GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8) reported that amid the broader recovery of the Solana blockchain ecosystem, meme coin PIPPIN saw a sharp pullback against the trend.
After launching its rally from around $0.35 on January 2, the token surged to a high of $0.53 yesterday before plummeting—dropping 35% in the process. At press time, its price has fallen to $0.34, erasing all gains from earlier this month, with a current market cap of approximately $340 million. BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and hype, and lacks inherent value or practical use cases. Investors should be aware of these risks.