Is this the new crypto sensation or just another scam?
The meme coin sector was significantly affected by the red wave, and most of the leading tokens in that niche have posted significant losses. However, the lesser-known Pippin (PIPPIN) braved the carnage and its valuation rose more than 100% in the past week.
Swimming against the current
PIPPIN is a Solana-based meme coin that was commercialized in late 2024. The theme is based on an AI-generated unicorn character called ‘Pippin’, which has become the token’s logo.
The meme coin saw its glory days towards the end of 2025, when the price reached an all-time high of almost $0.60 and the market capitalization exceeded $500 million. Although January was also positive, early February offered a deep correction.
However, this past week the asset entered another major uptrend, which contrasts with the overall bearish environment in the crypto market. At the time of writing, PIPPIN is worth about $0.38, or up 114% on a weekly basis.
Analysts are curious to see if the bull run is sustainable as there is no clear catalyst driving the move north. X-user ALTS GEMS warning claimed the price has sparked a “strong rebound” from the demand zone around $0.26, predicting that if buyers remain active, PIPPIN could rise to $0.40 and even $0.60.
Satori also intervened. The analyst told their more than 700,000 followers on
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A ticking time bomb?
At the same time, some industry participants warned investors to stay away from PIPPIN, claiming its valuation is based on pure speculation and its usefulness is questionable.
X user Dippy.eth described labeling it as “the biggest scam of the past year”, arguing that it has reached the first “take-profit” zone. “0 technologies, 0 real stats, 0 real users, 0 attention from real CT swords,” they added.
Crypto_Jobs is also pessimistic, keep in mind a possible dip to $0.21. Some indicators, such as PIPPIN’s Relative Strength Index (RSI), support the bearish scenario. The technical analysis tool measures the speed and magnitude of recent price changes to help traders identify potential reversal points.
It ranges from 0 to 100, and numbers above 70 indicate that the valuation has risen too much in a short time and a correction could occur soon. The RSI is currently around 85.
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