Over the last 24 hours, the PIPPIN price on Solana recorded a solid increase of 11.6%, reaching a trading price of $0.83 and positioning itself as the leader of the AI-memecoin segment. Nicolai Sondergaard reported that this rally occurs within a context of capital rotation toward narrative-based technological assets, outperforming larger-cap cryptocurrencies.
This market action pushed PIPPIN’s market capitalization above $880 million, reflecting renewed investor appetite for the convergence of AI and memecoins. However, experts from CoinGecko and Bubblemap warn of a possible 80% supply concentration in interconnected wallets, suggesting centralized control that could inject volatility into the asset.
The token’s behavior will remain under market scrutiny, watching whether it manages to break the psychological resistance of one dollar or if a correction occurs due to profit-taking by “insiders.” The evolution of social media sentiment and activity on exchanges like Gate.io will be decisive in determining whether this upward trend is sustainable or a transient speculative phenomenon.
Source: https://coinmarketcap.com/currencies/pippin/
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