Analyzing PIPPIN’s 27% surge: Is the $0.5 target within sight?
The post Analyzing PIPPIN’s 27% surge: Is the $0.5 target within sight? appeared on BitcoinEthereumNews.com.
Pippin [PIPPIN] traded within a consolidation range of $0.28 and $0.35; the memecoin bottomed at $0.26 and rebounded. Soon, PIPPIN broke out of this range and touched a local high of $0.415, clearing its recent losses. As of this writing, PIPPIN traded at $0.412, up 27.57% on the daily charts. Over the same period, its volume jumped 21% to $56.5 million, while its market cap rose 25% to $388 million. PIPPIN sees renewed interest, with whales leading After a prolonged period of weakness, investors, both whales and retail, rushed into the market and defended key levels. According to how2onchain, Wintermute’s buying activity resumed, especially in one of its main wallets. So far, $300K+ in tokens have been accumulated. Source: X In addition to this address, another bot accumulated tokens near a local bottom as the memecoin dropped towards $0.26. This addresses the addition of over $2 million in PIPPIN. Even more importantly, after PIPPIN jumped to a local high, these addresses held, anticipating further gains. Furthermore, exchange activity also mirrored this whale accumulation. Per CoinGlass, $6.42 million worth of PIPPIN flowed out of exchanges, compared to only $4.97 million in inflows. Source: CoinGlass As a result, Spot Netflow fell 191% to -$1.45 million, a clear sign of aggressive spot accumulation. Increased outflows usually reduce the supply in circulation, further thinning market pressure. Derivatives are even more bullish According to CoinGlass, derivatives volume rose 156% to $712.56 million, while Open Interest climbed 21% to $101 million. A rise in OI and volume, in tandem, suggested increased participation and increased capital flows, either taking long or short positions. Source: CoinGlass In fact, $262.98 million flowed into Futures positions compared to $255.14 million in outflows. As a result, Futures netflow rose 358% to $7.83 million. Often, higher flows into exchanges suggested that more…
Filed under: News - @ January 23, 2026 12:24 am