#美联储降息 $PIPPIN is approaching the 1 USDT threshold? It doesn't seem that simple💥

The project team has been pumping the price all the way up, originally intending to fully exit, but a black swan appeared halfway through. A daring trader threw in 5 million USD to short PIPPIN with 1x leverage, but got caught at the high point—floating losses directly over half. That feeling is probably not very pleasant.

Where's the problem? The token distribution for this coin is too distorted. Over 50% of the circulating supply is controlled by the top holders. Even more frustrating, about 30% of the chips have long become "dead tokens"—almost no one moves them. Plus, some large holders control bots that keep repeatedly pushing the price up, so the overall market pricing power is actually in the hands of a few.

A decline is inevitable. But from another perspective—if I were the market maker, instead of watching this situation collapse, I might do another crazy push to attract more buyers, reaching some kind of balance among all parties. The trend of major coins like $ETH $BTC often provides some reference signals for smaller tokens. This market is just that realistic.