The Solana ecosystem meme coin PIPPIN surged 61% against the trend, analysts say bulls have strong control

According to GMGN market information, the Solana ecosystem meme coin PIPPIN has risen against the trend today, currently priced at $0.1788, with a 24-hour increase of 61.9%.

Additionally, analyst @frontrunnersx noted that PIPPIN has exhibited unusual trading patterns. Some wallets are accumulating and refusing to sell, driving up the price and attracting short sellers, who are continuously "spiked" into liquidation, creating a leveraged "death loop." One address purchased approximately $200,000 worth of PIPPIN six days ago, sold after the price doubled, and is currently performing a similar operation on ARC.