Claim BonusWhy PIPPIN Meme Coin Price Is Skyrocketing Today?
Highlights
- PIPPIN jumps 29% to $0.4842, leading gains among top 100 cryptocurrencies.
- Open interest rises 17%, showing higher trader participation during rally.
- Large holder selling appears near the price peak after sharp rally.
The Solana-based memecoin PIPPIN has experienced a significant price surge, recording one of the strongest price movements in weeks. Following its recent price surge, the Solana meme coin has again climbed into the top 100 crypto rankings by market capitalization.
PIPPIN Sees Higher Open Interest During Price Rally
The price of PIPPIN has surged by nearly 29% and is currently trading at $0.4842, ranking as the top gainer of the day among the top 100 coins by market capitalization. The coin has outpaced other major price movers, including Hyperliquid, which has gained 18.34% and is trading at $33.62, and DoubleZero, which has gained 15.06% and is trading at $0.1345.
Source: CoinMarketCap
The PIPPIN price follows an increase in the meme coin’s open interest, indicating a rise in the overall participation of traders in the coin’s price movements. According to CoinGlass, PIPPIN has seen a 16.79% increase in open interest, and its trading volume is up over 72% in the last 24 hours, making it one of the most actively traded coins on the top layer-1 network, Solana.
The PIPPIN price surge also follows a renewed interest in meme coins on the Solana, signaling a risk-on sentiment among retail traders. Notably, other Solana meme coins such as Nietzschean Penguin have also recorded significant gains this week.
These meme coins’ performance comes despite the downtrend in the Solana price. SOL is down on the day, even as the broader crypto market continues to trade sideways.
How Whale Selling Emerged During Intraday Price Surge
Some red flags were raised when analysts pointed out selling activity near the price top. In an X post, analyst StarPlatinum noted that there was selling activity near the price top after a sharp intraday price surge. The top Solana meme coin saw a 60% price surge over 24 hours, reaching $0.55 from an initial price of $0.44. The price, however, reversed and is currently trading near $0.48.
The analyst revealed that the second-largest whale sold 177 million PIPPIN tokens. The tokens were sold for approximately $86,000. The sale happened between 12:02 and 12:12 UTC. The tokens were sent to three different addresses. One address received 37 million tokens. This is approximately $18,000. The other two addresses received 62 million and 78 million tokens. This is equivalent to around $30,000 and $38,000, respectively.
The address does not belong to the token deployer. The tokens have naturally accumulated. The market was relatively illiquid at the time. The top 10 addresses have 28.5% of the total supply. The top 20 addresses account for approximately 40% of the total supply. The whale that sold the tokens has around 38 million PIPPIN tokens. This is roughly $18 million.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Jerome Powell Speech: Fed Chair Says Rate Cuts Will Depend on Labor Market Conditions
- Breaking: White House to Meet Bank and Crypto Executives Over CLARITY Act Clash
- Breaking: Federal Reserve Holds Rates Steady After FOMC Meeting as Expected
- Senators Propose Amendments To Crypto Market Structure Bill Ahead Of Tomorrow’s Markup
- Ethereum Gains Wall Street Adoption as $6T Fidelity Prepares FIDD Stablecoin Launch
- How High Can Hyperliquid Price Go in Feb 2026?
- Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe, and Pump. Fun as Crypto Market Recovers.
- Solana Price Targets $200 as $152B WisdomTree Joins the Ecosystem
- XRP Price Prediction After Ripple Treasury launch
- Shiba Inu Price Outlook As SHIB Burn Rate Explodes 2800% in 24 Hours
- Pi Network Price Prediction as 134M Token Unlock in Jan 2026 Could Mark a New All-Time Low
