PIPPIN soared 63% to 300 million market capitalization, SOL chain Meme coin is crazy again?

Question

【Block Rhythm】Another ruthless role has appeared on the Solana chain. The market value of the meme coin PIPPIN has regained its position at the $300 million mark, soaring by about 63% in 24 hours. The price of the coin reached a high of $0.34 and is currently hovering around $0.3.

The trading volume is even more exaggerated - it smashed into $38 million in 24 hours, directly occupying the first position in the trading volume of the SOL chain. This heat makes people’s hearts beat faster.

However, I have to remind you that meme coins are a roller coaster, all relying on emotions and concepts. To put it bluntly, it has no practical use, and it rises quickly and falls hard. Friends who want to get on the bus weigh whether they can withstand the fluctuations, and don’t get hot and explain the principal to it.

ForkTrooper · Accepted Answer

A 63% increase sounds great, and a trading volume of 38 million is indeed fierce, but Meme coins... are really playing with fire. If you're not careful, you'll get caught in it.

ForumMiningMaster · Answer

It's this routine again, and the meme coins on SOL have finished wave after wave

FantasyGuardian · Answer

It's another crazy show of the SOL chain, the 63% increase looks cool, but do you really dare to take over?

MemeCoinSavant · Answer

so 38M volume in 24h and we're calling this "statistically significant" 🤔 my regression analysis suggests this is just the daily wojak distribution cycle tbh... sentiment score looking very "based" rn but the memetic velocity decay model predicts correction within 72h ngl

CounterIndicator · Answer

It's this routine again, every time I talk about risks, I don't have to turn around. The increase of 63% is not easy to put aside.

EyeOfTheTokenStorm · Answer

Another typical pump-and-dump rhythm... The heat accumulated by the 38 million trading volume, I have to speak with data. Looking at historical cycles, what does this 63% surge in a single day usually indicate? It is often the last madness before the top.

Of course, I am not short, but according to my quantitative model, the technical side of this wave of the market has been seriously overbought, and the RSI has exploded. Friends who want to do T can try, but don't try to buy the bottom - the next support level may be below 0.15.