PIPPIN jumps over 25% as AI memecoin frenzy grows, but fading holders raise risk

PIPPIN climbed by more than 25% within 24 hours, becoming one of the strongest performers among the top 100 coins as AI-themed memecoins attracted fresh capital. Technical indicators showed strong bullish momentum and room for further upside toward its previous $0.7592 high, provided support holds. However, rising leverage, nearly balanced long and short liquidations, a 0.81 Long/Short Ratio, and a drop of over 200 holders in the past week point to growing profit-taking and a rally that may be losing strength.