PIPPIN on Solana soared to a market capitalization of 200 million against the trend, could it be a control the market trend situation behind it?

Question

On December 2nd, the Meme coin PIPPIN on Solana surged against the tide in a predominantly green market, reaching a market capitalization of 200 million dollars, with a price of 0.208 dollars, rising more than 42% in a day.

However, this wave of price surge is quite strange. Some analysts have uncovered that a bunch of wallets are hoarding coins like crazy but just won’t sell, pushing the price up, after which those who shorted the market entered. What’s the result? These short positions are repeatedly liquidated, directly falling into the leverage “death spiral” — the more they are liquidated, the higher the price goes, and the more shorts there are, creating a vicious cycle.

This way of playing is actually quite dangerous. Meme coins are already notoriously volatile, and when faced with such obvious manipulation, ordinary players can easily become bag holders. If you can't understand this trick, it's best not to enter the market lightly, after all, the U in your wallet is much more real than the numbers on the screen.

ApeWithNoChain · Accepted Answer

It&#39;s the same old trick again, short positions get liquidated and then a bunch of people rush in to catch a falling knife. Wake up, everyone.

TopBuyerBottomSeller · Answer

Is this the same old trick again? Is it all over when the short positions get liquidated? Wake up, the dumb buyer hasn&#39;t had their turn yet.

JustHereForAirdrops · Answer

It&#39;s the same old story, hoarding without selling is just waiting for a dumb buyer.

I&#39;m tired of seeing shorts get hit by Long Wick Candles; memes are just a casino.

If you don&#39;t understand, just stay away, seriously, it&#39;s a bloody lesson.

This wave of PIPPIN is definitely being manipulated by Large Investors; who believes such a strange rise?

Long Wick Candle, Get Liquidated, death spiral... ordinary people playing this are just giving away money.

PerennialLeek · Answer

This is a standard sucker meat grinder. The last time I entered this kind of coin, I was directly drained. Now seeing this trap makes me want to throw up.

SerumSquirrel · Answer

Haha, it&#39;s this trick again, the short positions&#39; blood has been completely drained.

GigaBrainAnon · Answer

It&#39;s the same trap again, short positions really need to remember this.

WhaleWatcher · Answer

又是这套老把戏，庄家套路改改名字继续玩

这波PIPPIN的死亡螺旋设计得真绝，让空头给庄家打工赚爆仓费

普通人进去就是送U，别被涨幅唬住了

控盘局一眼看穿，劝各位别当最后一棒