According to Wu, as reported by @frontrunnersx, on-chain data shows that there is an abnormal trading pattern for the pippin Token. Some Wallets are concentrating on Accumulation and refusing to sell, pushing up the price and attracting short positions to get on board. The shorts are continuously getting "Long Wick Candle" Get Liquidated, forming a leverage "death loop." Among them, the address starting with 6BDZWk bought about 200,000 USD of pippin 6 days ago and sold it after the price doubled, and is currently performing a similar operation on ARC. Pippi is currently at 0.1775 USD, with a 24-hour pump of 58.34%.
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According to Wu, as reported by @frontrunnersx, on-chain data shows that there is an abnormal trading pattern for the pippin Token. Some Wallets are concentrating on Accumulation and refusing to sell, pushing up the price and attracting short positions to get on board. The shorts are continuously getting "Long Wick Candle" Get Liquidated, forming a leverage "death loop." Among them, the address starting with 6BDZWk bought about 200,000 USD of pippin 6 days ago and sold it after the price doubled, and is currently performing a similar operation on ARC. Pippi is currently at 0.1775 USD, with a 24-hour pump of 58.34%.