PIPPIN falls 14% as OI slides; traders watch $0.55 support and $0.46–$0.269

PIPPIN fell about 14% over the past 24 hours after a multi-month surge and a market cap peak above $750 million. The price is approaching $0.55, with a 50% retracement near $0.46 and a potential reaction zone at $0.269. Derivatives metrics show weakening longs as open interest dropped and funding turned negative.