$PIPPIN's recent trend has made many people a bit uneasy. Based on feedback from holders, the liquidation price of 0.65 indeed surprised many traders. With the current market volatility so high, the level of margin adequacy has suddenly become a matter of life and death. But the reality is that many have already used up most of their ammunition when chasing highs, leaving no room to defend the price. In this situation, all they can do is watch the market changes and pray. If market sentiment continues to weaken in the short term, the risk of liquidation will indeed be imminent. Let's wait and see how the market performs tonight.