🤑 PIPPIN’s Wild Ride: Whales, Memes, and Market Madness! 🚀

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Ah, the capricious dance of the markets! Behold, PIPPIN [PIPPIN], that mischievous memecoin, hath surged once more-a staggering 32.3% in the span of a mere 24 hours. 🌪️ And yet, while Bitcoin [BTC] weeps in its 3.96% decline, and the crypto market cap shrinks by 4.13%, PIPPIN stands defiant, a clown in the circus of finance. 🤡

Since the 21st of November, this autonomous AI agent-this digital jest-hath rallied 2,022%. A twenty-fold ascent in a month! In such dire market conditions, it is not merely remarkable-it is absurd, a farce played out in the ledger of the damned. 😈

Yet, consider the whale, that leviathan of Base, who bought AI tokens only to be cast into the abyss of an 88.77% loss. A tragic hero, no? Alas, the sector’s weakness is laid bare, and we, the spectators, can only laugh through our tears. 😂

What sorcery drives PIPPIN’s ascent?

Open Interest (OI), that fickle mistress, hath risen from $178 million to $208 million-a 16.85% leap. A bullish conviction, they say? Nay, it is the madness of crowds, a fever dream in the heart of the market. 🌡️

And lo, the daily trading volume swells by 61.8%, a boon for the bulls, or so they claim. But what is a bull in this arena but a lamb to the slaughter? 🐂💀

Though OI rises, the Funding Rate remains negative-a harbinger of doom. The majority shorts the token, and the futures price sinks below the spot. A house divided against itself cannot stand, yet PIPPIN persists, a paradox wrapped in enigma. 🧩

The Evening Trader Group, those soothsayers of X, proclaim that whales orchestrate this rally, accumulating supply in a coordinated ballet. A previous study reveals 93 wallets holding 73% of the total supply, clustered like conspirators in the shadows. 🕵️♂️

No distribution, no outflows-only synchronized accumulation, a symphony of greed. Retail investors tremble, for they are but pawns in this grand game. ♟️

And yet, the rally’s pace is its own undoing. New highs in price, yet the MFI indicator falters, a bearish divergence that whispers of impending doom. The OBV rises, but for how long? The sands of time slip through the hourglass, and the end draws near. ⌛

Thus, the wise holder might take profit, lest they be consumed by the retracement’s fiery maw. For in this game of whales and memecoins, only the devil takes the hindmost. 😈

Final Musings

  • PIPPIN’s gains are staggering, a spectacle of absurdity in a world gone mad. 🌪️
  • The whales’ coordinated accumulation is a dagger at the heart of retail holders, a reminder that in this circus, we are all but clowns. 🤡

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2025-12-17 00:32