PIPPIN Jumps 31% Defying Market Weakness, But Is It a Bull Trap?

The Solana-based AI-meme hybrid Pippin (PIPPIN) has emerged as a top performer today, posting a sharp 26% gain while the broader crypto market faces downward pressure. While the rally has ignited social media FOMO, derivatives data and liquidity clusters suggest that the move may be a sophisticated "bull trap" designed to liquidate late-entry long positions.