$PIPPIN increased the short position again. The recent price structure looks extremely fragile. From 0.5497 up to 0.8178, a large number of long positions stacked up, and around 0.8178 there were roughly 1.8M in leveraged longs.

Now that price has already dropped below 0.65, many of those longs are underwater. If selling pressure accelerates, it could trigger cascading liquidations and push the price sharply lower — potentially revisiting much lower levels.

A lot of the momentum seems driven by aggressive promotion rather than sustained organic demand.

If you’re trading this setup, manage your size carefully and execute with strict risk control.🔥👇$PIPPIN

PIPPIN
PIPPINUSDT
0.52957
+1.84%