[比推] The meme coin called PIPPIN on Solana is quite strange today; while others are falling, it has risen by over 60%, now just above 0.17 dollars. Upon closer inspection of the on-chain data, I found something fishy — several wallets have been continuously buying but never selling, artificially driving up the price. When the shorts, seeing the strong upward trend, couldn't help but open short positions, they kept getting liquidated by spikes, one wave after another, as if they had entered a meat grinder. The most impressive part is that there was an address that invested $200,000 six days ago, doubled it, cashed out, and now the person is using the same trick to play another coin, ARC. After this series of moves, I don't know how many contract players have been harvested.

On December 1, according to GMGN market information, the Solana ecosystem meme coin PIPPIN has risen against the trend today, currently quoted at $0.1788, with a 24-hour increase of 61.9%. Additionally, according to analyst @frontrunnersx, PIPPIN has shown abnormal trading patterns. Some wallets are concentrating on accumulation and refusing to sell, pushing up the price and attracting short positions to get on board, while the shorts are continuously being "Long Wick Candle" and getting liquidated, creating a leverage "death loop." One address bought about $200,000 worth of PIPPIN 6 days ago, sold after the price doubled, and is currently performing similar operations on ARC. BlockBeats reminds users that meme coin prices fluctuate greatly, and users should invest cautiously.