Amid the renewed corrections in the broader cryptocurrency markets, an upcoming meme coin Pippin (PIPPIN) is making waves with its incredible performance. Apart from its performance, it is gaining traction among whales meaning that increasing numbers of investors and traders are showing interest in it.
Whale accumulates Pippin
Today January 10, crypto analyst AI Yi shared an interesting post on the X platform. According to the data, a whale spent $1.324 million to buy Pippin at an average cost of $0.2297 for each token.
As per the data, this is the first time the wallet address has purchased Pippin. The whale used USDT to make the purchase and is continuing to buy. Currently, the trader holds $4.66 million USDT in the wallet.
The bold move by the whale comes at a time when the little-known cryptocurrency is witnessing some volatility. Pippin has been seeing tremendous uptrend for some time. This implies an influx of whale investments into the asset.
This also shows that smart whales are not just developing positions in dominant crypto assets, but also investing money to work looking for profits in altcoins like Pippin. The inflow of whale funds into crypto assets typically stimulates significant price rises as other investors and traders make observations and join the bandwagon.
The trader thought it would be wise to buy more of the altcoin at a higher price, even though the prices are seeing an uptrend. Some investors might agree with this decision, hoping that prices would experience a further upsurge. This is true for whales who have been purchasing various assets during market swings.
Pippin price updates
Pippin is currently trading at $0.2311, up 149.7% over yesterday. It has been up 2,266.70% in the last seven days, making it outperform the digital asset market which is down 5.50% currently.
Pippin saw its latest all-high time price of $0.2432 today, January 10, 2025, about one ago, at press time. Its current price is 11.56% lower than the highest price.
Its trading volume rose 155.90% in the last 24 hours, signaling a recent increase in market activity. Furthermore, the token saw a significant increase in market value by 147.19% in the last 24 hours. Its market value currently stands at $221.35 million, making it the 291th largest cryptocurrency in the entire crypto ecosystem.
Data from Coingecko shows that Pippin is a meme coin, which was launched about one month ago. The trader’s activity signals that despite the ongoing market corrections, whales have maintained their buying spree showing confidence in meme coins.
As big crypto holders build up activity across the board, Pippin is currently leading headlines and seeing higher popularity than other meme coins. Pippin’s impressive performance shows that it is supported by a strong community and is attracting whale interest. Its incredible run signifies that the meme coin market shows no indicators of slowing down as savvy traders are always excited to come in.
