PIPPIN (pippin) has pumped 6.59% in the last 24 hours.

Gate News Bot news, on December 23, according to CoinMarketCap data, as of the time of writing, PIPPIN (pippin) is currently priced at $0.38, with a 6.59% rise in the last 24 hours, reaching a high of $0.53 and a low of $0.28, with a 24-hour volume of $65.2 million. The current market capitalization is approximately $380 million, an increase of $23.5 million compared to yesterday.

Pippin is an ecological project centered around the core concepts of gentle miracles and kindness, dedicated to creating beautiful connections in the virtual world. The project revolves around the Pippin unicorn and integrates the technological foundation of the BabyAGI framework to build an imaginative and kind “Wobbly Worlds” for the community.

Important News about PIPPIN Recently:

1️⃣ Mind Network strategic cooperation and long-term ecological incentive support Mind Network officially launches a strategic layout aimed at the Solana AI-Agent ecosystem, designating the Pippin community as a primary partner. Mind Network has transferred 1% of the total Pippin token supply to its FHE project wallet as a long-term community incentive reserve pool to support the native narrative of AI Agents and community-driven economic development. The simultaneously launched “Unicorn Reserve” incentive program allows users to lock FHE in exchange for Pippin airdrop rewards, with rewards released in phases to encourage long-term participation. This strategic collaboration deeply integrates privacy computing with the AI Agent ecosystem, providing institutional support for the project's long-term development, and has also become an important fundamental factor supporting the recent price performance of the token.

2️⃣ Smart Money Net Inflow and Institutional Bullish Signals In the past 24 hours, among the top five tokens with net inflow of smart money, Pippin ranks first with a net inflow of $20,000, indicating that on-chain savvy investors continue to be optimistic about the project's prospects. Smart money, as a representative of market sentiment, usually indicates a strong fundamental performance and a positive shift in market sentiment when it concentrates. This lays a financial foundation for the rise in coin prices. The continued accumulation by institutional investors further enhances market confidence in the project's prospects.

3️⃣ Concentration of Positions and Risk Adjustment Pressure It is important to note that the token supply controlled by PIPPIN insiders has reached 80%, valued at approximately $380 million, which means that market liquidity is relatively limited and the concentration of holdings is quite high. Additionally, on-chain monitoring shows the presence of 16 new wallets with the same opening position pattern and 11 associated wallets collectively holding about 9% of the total supply. This highly concentrated holding structure is accompanied by significant volatility—over the past week, the coin price experienced drastic fluctuations from $0.28 to $0.53, with a drop of over 20% occurring within an hour. This indicates that after a rapid rise, the project faces risk adjustment pressure, and constraints on market liquidity and the high concentration of holdings may become major limiting factors for future price stability. Investors need to pay close attention to changes in large holder positions and the actual state of market liquidity.

This message is not intended as investment advice; investors should be aware of market volatility risks.