Pippin Price Plummets 40% – 16.6M Tokens in Perilous Predicament

by

PIPPIN, that old troublemaker, has once again decided to play the market like a fiddle, leaving many recent buyers feeling rather like they’ve bought a ticket to the Cryptocurrency Carousel of Doom1.

Its latest antics threaten to invalidate a projected 221% breakout from a broadening descending wedge pattern – a formation so ancient and mysterious it probably predates the invention of the wheel. Or at least the invention of the wheel’s crypto equivalent.

Exchange balance data reveals a curious accumulation of PIPPIN following its all-time high. Since the peak three days ago, investors have purchased approximately 16.6 million tokens – a sum that, at current valuations, translates to roughly $7.7 million in buying activity. One wonders if this is a surge of optimism or a collective case of “buy the dip” amnesia.

This accumulation pattern is not new. Historical data suggests PIPPIN holders are fond of buying aggressively near peaks, only to panic-sell when the going gets tough. It’s the digital equivalent of jumping on a cliff and hoping the ground reappears. Similar behavior was observed during the late January surge and the October 2025 spike – two events that probably caused more existential dread than a bad Monday morning.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here2.

These cycles tend to delay sustained recovery, much like trying to teach a cat to fetch. Early buyers accumulate at lofty heights, then exit during pullbacks, leaving the rest of us to wonder if the market is a game or a joke we’re all playing at someone else’s expense. If the price weakens further, selling pressure may intensify again, turning PIPPIN into a rollercoaster with no safety harness.

Momentum indicators signal caution, with the Money Flow Index currently above 80.0 – a number so high it could qualify for a “Most Overbought Asset” award. Elevated readings often precede cooling phases, which is just a fancy way of saying the party’s over, and someone’s left the lights on.

Broader market indecision compounds the risk, as if the crypto world isn’t already a confusing enough place. Without strong directional cues from major cryptocurrencies, speculative altcoins like PIPPIN flounder like fish out of water. Unless holders begin aggressive distribution, a full reversal may remain delayed, like waiting for a bus that only runs on weekends.

Will LTHs Prove To Be Pippin’s Saviour?

The HODLer Net Position Change metric offers a mixed outlook – much like a weather forecast that says “partly cloudy with a chance of chaos.” Long-term holders continue to accumulate, as indicated by persistent green bars. Although the slope has weakened, net buying remains intact, suggesting they’re either brave or foolish, possibly both.

This ongoing support is critical. If long-term PIPPIN holders shift to distribution, downside risk would escalate quickly, turning the token into a piñata of regret for those who bought in at the peak. A transition from accumulation to selling could accelerate losses with the subtlety of a stampede of elephants in a china shop.

PIPPIN Price Faces a Crash

PIPPIN previously broke out of a broadening descending wedge pattern – a formation that probably required a PhD to interpret. That move projected a potential 221% upside, but current price action suggests the breakout is at risk of invalidation if support levels fail. It’s like building a sandcastle and hoping the tide doesn’t notice.

If long-term holder support stabilizes the token, PIPPIN could rebound from the $0.449 support zone. A sustained bounce might drive the price toward $0.600, with strong follow-through possibly retesting the $0.772 all-time high. But let’s not get carried away – the market has a talent for deflating hopes faster than a punctured balloon.

Conversely, downside risk remains substantial. Many investors who bought at the all-time high are currently facing losses of about 40%. If panic selling resumes, PIPPIN could break below $0.449, plummeting toward $0.372. A drop to that level would invalidate the bullish pattern and confirm the breakdown scenario – a fate as inevitable as tax season.

Read More

2026-02-18 19:11