I finally cut my losses on PIPPIN, this shitcoin. I lost money all the way from investing a little over ten USDT to losing 25 USDT, and with fees eating up another 40 USDT, I threw away a total of 70 USDT. At the worst point, I was down over a hundred, but luckily the recent pullback gave me a window to escape. The loss isn't huge, but my mindset is already blown.

Now that I've calmed down, let me review this thing—it really is wild. A lot of people think it's topped out now, but I don't see it that way. Where's the top? Honestly, I can't say for sure, but the real top is usually when people panic and then can't help but FOMO back in. Last night I took a screenshot: the top holder had 58.61% of the supply; this morning, it was down to 56.31%, a reduction of 2.3 percentage points. But what about the contract price? It pumped from 0.19 all the way to a high of 0.25. Judging by the timeline, this top holder wasn't retreating, but selling while pumping—rolling the snowball bigger and bigger.

I'm not going to chase longs anymore. Who knows when the whale will dump, and if I catch the falling knife, I'll be pissed at myself for being so dumb. To sum it up: shitcoins are only good for a quick lick and run—whether you lick shit or oil, one more lick and it's all shit!