PIPPIN Price Nears Record Levels, but Outflows Start Rising
BeInCrypto
PIPPIN's price is close to its all-time high, but rising outflows suggest retail profit-taking is beginning.Summary
PIPPIN has experienced a sharp surge, bringing its price close to its all-time high of $0.530, trading near $0.497 at the time of writing. Despite this bullish momentum, on-chain data shows increasing caution among retail investors, with the Chaikin Money Flow slipping below zero, indicating that outflows are starting to exceed inflows, suggesting early profit-taking. However, whale activity remains supportive; wallets holding over $1 million in PIPPIN increased their holdings by 3.57% in the last 24 hours, suggesting confidence in further upside. A successful breakout above the ATH could target $0.600, but a failure to hold current levels risks a pullback toward the $0.434 support.
(Source：BeInCrypto)