After observing PIPPIN's recent trend, this wave of operation is indeed quite precise and aggressive. First a quick pullback, then a direct surge. The underlying logic is actually very clear—data transparency is very high, and all capital flows are transparent at a glance.

Where is the key to this coin? To put it simply, it's just afraid that no one will follow. Once trading volume shrinks and there is no new buying power entering, it easily falls into a dilemma. But on the other hand, as long as there is continuous participation and funds are pushing the market, the price will naturally move upward. This is the reality of a liquidity-driven market—if there's popularity, the coin lives; if the popularity disperses, even the best fundamentals are useless. The current performance of PIPPIN indicates that there are still major players supporting the market, and the market heat is still sufficient. How long this situation can last depends on the subsequent capital game.