To look at the coin PIPPIN, you need to first clarify the real situation of the market data. The market maker openly holds more than 80% of the tokens, corresponding to a market capitalization scale of about over 2 billion RMB. What does this mean? It means that the circulation is almost completely controlled.

In this pattern where almost all circulating supply is locked, the trading logic is actually quite simple and brutal. Your options are limited—either stay in cash and wait, or enter a long position at a low level. The middle ground? There is basically none.

Many people's mistake lies in the fact that once they hit a retracement point, they start fantasizing about being able to operate in reverse, thinking they can continuously short to make a profit. Here, I advise you to stop thinking that way. When the market maker holds absolute chips, retail investors' bearish mentality is often harvested very thoroughly. Rather than betting in reverse, it is better to recognize the situation—patiently wait for the real low to appear, and then decisively go long. This is the correct way to interact with this type of token.