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Memecoin Pippin rises by 14.77% behind the scenes: platform launched to boost, but 80% of the chips are concentrated in the hands of insiders
【Crypto World】 A memecoin has recently gone viral. The price surged to $0.455, an increase of 14.77%. There are two main drivers behind this surge—one is the launch on a well-known trading platform, and the other is a large influx of funds into the futures market, with a net inflow of $3.67 million. It seems to be gaining momentum rapidly.
But there are pitfalls. Data analysis agencies have exposed an issue: insiders hold about 80% of the token supply. Think about it—most of the chips are in the hands of a few people. What does this mean? Although technical indicators show decent momentum, there are hidden risks to stability. Market manipulation risks and the possibility of large holders dumping their holdings are real threats.
So, while the hype is high, players need to keep their eyes open. Things that rise quickly often fall just as fast.
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A 14% rise looks nice, but it can't withstand an insider dumping... so thrilling.
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It's always like this, the platform launches and then pumps, waiting for retail investors to FOMO in before they start playing people for suckers, it's an old routine.
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I just want to know when this 80% will dump, I need to get out early.
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Memecoin is just gambling, as long as you recognize that you're gambling, don't blame others.
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Another "will rise" story, now I choose to believe in my own Wallet.
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With such a high concentration among insiders, how can I dare to touch it? I wouldn't, I've been through it too many times.