PIPPIN Jumps 46% as AI Memecoin Hype, Whale Accumulation, and Supply Squeeze Collide on Solana

Pippin (PIPPIN) surged more than 46% in 24 hours, lifting its market cap back above $400 million as a supply squeeze, AI-memecoin hype, and leveraged short positioning combined to fuel one of the sharpest rallies in the Solana meme sector. While momentum has returned and a breakout above $0.50 is now in focus, concentrated whale ownership and rising derivatives risk leave the move highly volatile and vulnerable to abrupt reversals.