Behind the 60% big pump of PIPPIN on Solana: Someone is using the "leverage death spiral" to play people for suckers.

【Block Rhythm】Today there is a meme on Solana that is quite strange - PIPPIN is rising sharply against the market, currently priced at 0.1788, having soared 61.9% in just one day.

However, this rise seems a bit off. Some analysts have uncovered a “harvesting cycle” behind it: several wallets are frantically accumulating but just won't sell, forcibly pushing the price up. When the bears think the peak has been reached and enter to short, they end up being liquidated by a series of spikes—once the leverage explodes, the price is pushed higher again, and new bears come in to hand over money, creating a death spiral that keeps spinning.

What's even more outrageous is that an address spent almost 200,000 dollars to sweep PIPPIN 6 days ago, and after the price doubled, he cashed out and left. Now this guy has set his sights on ARC, using the exact same trick to operate.

This gameplay is essentially using retail investors as ATMs. The manipulators act as both the dealer and the hunter, and the more shorts there are, the more they profit. Memes already have large fluctuations, and when encountering such a premeditated harvesting scheme, those who don't understand the tricks really need to be careful.