Pippin has climbed over 43% in the past 24 hours, bringing its monthly gains to more than 1,500%. The token is now trading at $0.46, just below its recent all-time high of $0.52. After weeks of consistent upward momentum, Pippin has now entered the top 100 cryptocurrencies by market cap.
Despite the broader market showing mixed performance, Pippin has attracted growing attention across trading platforms and social media, and has been listed by major exchanges such as Bitget and Robinhood.
Read also: Why You Should Stop Refreshing Your Crypto Charts
Technical Strength Remains
From a technical perspective, Pippin is above all major moving averages and remains in a strong trend. The Relative Strength Index (RSI) is currently at 67 – high, but still just under the typical overbought threshold of 70. This suggests that, while bullish momentum is high, there may still be room for further price movement without immediate signs of exhaustion.
Price levels near the previous all-time high are being closely watched by traders, as a breakout could trigger more speculative buying.
Read also: RSI: The Beginner’s Tool That Most People Use Wrong
Concerns Over Supply Concentration
Despite positive momentum, not everyone is enthusiastic. Blockchain analysis platform Bubblemaps has shown that roughly 80% of the total Pippin supply is controlled by insiders. Several wallets holding large amounts of tokens were recently created, with no prior on-chain activity. Some of these wallets received coordinated funding and withdrew large volumes of tokens from centralized exchanges in short timeframes.
This level of concentration has raised concerns among analysts and parts of the community, with some calling for increased transparency or exchange reviews.
Read also: Is Aster Safe? Growth Continues, But Critics Raise Questions
Volatility Remains a Factor
While sentiment around Pippin is positive in trading circles, the current price rally has occurred without significant updates or official announcements from the developers. Given the limited number of holders and relatively low liquidity outside of a few pools, the token may remain sensitive to large trades or sudden shifts in market interest.
