Pippin's "妖币" characteristics are increasingly prominent. The market manipulators adopt a typical three-stage trading strategy of "bottom accumulation—violent shakeout—concentrated rally," igniting market sentiment at extremely low costs and achieving high control over the market. In this pattern, retail investors are very likely to become bagholders, falling into the dilemma of being trapped at high levels. When trading volume suddenly surges, it is often not a good buying opportunity but a warning signal of main players offloading. Due to the lack of fundamental support, such tokens will ultimately return to their intrinsic value. Participants must stay alert, adhere to a light position, and employ quick in-and-out guerrilla tactics, strictly control risks, and avoid falling into speculative traps.