PIPPIN, a unicorn-themed meme token built on Solana, saw a jump of about 40% today to trade near $0.49, drawing strong attention in the crypto market. This sharp move pushed its market value above $492 million, making it one of the top gainers in the meme and AI token space.
So, what is driving this sudden rally?
One of the biggest reasons for the sudden price hike is the activity of large investors buying aggressively. Over the past few days, several big wallets have been buying large amounts of PIPPIN.
Recently, two wallet addresses were actively purchasing PIPPIN, collectively buying about $1.5 million worth of tokens just before and during the price surge.
At the same time, interest from smaller investors is also growing. The number of wallets holding PIPPIN has now crossed 31,000, showing wider market participation.
Large holders have also been moving PIPPIN tokens off exchanges. Between October and November, more than 44% of the total supply, worth about $96 million, was withdrawn from trading platforms. When fewer tokens are available for sale, and demand rises, prices can climb quickly.
With nearly 1 billion PIPPIN tokens in circulation, this drop in tradable supply has created a supply squeeze, helping accelerate today’s price move.
Another factor supporting today’s rally is a recent program launched by Mind Network. The project allocated 1% of PIPPIN’s total supply to a special reserve and introduced the “Unicorn Reserve” incentive, which rewards users who lock up native FHE tokens, earning PIPPIN airdrops.
These incentives encourage users to stay engaged for the long term and help support trading activity around the token.
Looking at the PIPPIN/USDT 4-hour chart, the price is trading near $0.49, well above the middle Bollinger Band around $0.36, which now acts as a strong short-term support zone.
On the upside, PIPPIN is pressing the upper Bollinger Band near $0.50, showing strong bullish pressure. A clean breakout above $0.50 could push the price toward $0.55 first, and if momentum stays strong, the next upside target sits around $0.60–$0.65.
The RSI is near 77, which signals overbought conditions. This means buyers are firmly in control, but a short pause or minor pullback is possible before the next move higher.
PIPPIN is a Solana-based unicorn meme token that surged about 40% today due to heavy whale buying, reduced exchange supply, and rising retail interest.
PIPPIN blends meme culture with AI and ecosystem incentives on Solana, backed by strong community growth, whale interest, and long-term engagement rewards.
PIPPIN is mainly traded on Solana-based decentralized exchanges. Users need a Solana wallet and SOL to swap for PIPPIN securely.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market is once again under pressure today, falling about 2%, pulling back to…
While Bitcoin and major altcoins remain under pressure, select assets have begun to decouple from…
Ripple has officially received its full Electronic Money Institution (EMI) license from Luxembourg’s CSSF, marking…
The ongoing crypto sell-off has rattled investor confidence, but macro investor Raoul Pal believes the…
The crypto market has seen a sharp sell-off, with total market value falling to $2.52…
Solana price is trading just above the critical $100 support after failing to sustain moves…
