$PIPPIN

PIPPINUSDT

Perp

0.17568

-0.74%

has surged over 70%, reaching an all-time high (ATH) with a new record. The main driver is the launch of OKX's perpetual futures contract, and whale investors are concentrating their positions across over 50 wallets, leading to a severe supply lockup and bearish speculation. Chain data shows that about 73% of the supply is controlled by a single entity. The RSI indicator is in the severely overbought zone, and societal sentiment has shifted from a state of excitement to a cautionary focus on manipulation risks and rug pull risks. Overall, the risks are extremely high, and chasing higher prices is not advisable.