$pippin #Pippin #PIPPINUSDT #sell #WhaleDeRiskETH #DumpandDump

Yes, the distribution process is ongoing.

The main statistics shown in the image confirm this:

• Distribution Score: 18 → distribution is very weak, the token is still in the hands of a few addresses

• Top 100 hold 65% supply → 65% of the supply is held by the top 100 addresses (very risky)

• Top 100 Addresses: 834.5M (+3.82%) → top 100 balance is increasing, meaning large holders haven't fully exited yet, they are just "distributing"

• Smart Money: 23,158 (-66.02%) → smart money is seriously exiting, buyer power is weakening

The following are clearly visible in the altcoin segment:

• Gate wallet -2.52M

• Whale -2M

• Raydium authority -884k

• MEXC wallet -523k

• Other titles are also in the red

📌 New conclusion: large addresses and exchange wallets continue to empty, smart money is leaving, and the distribution is very poor. This type of picture is a typical ongoing dump/exit liquidity signal.