PIPPIN rockets upward after a heavy short squeeze | Credit: Veronica Cestari
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Key Takeaways
PIPPIN rallies 210% as hype, KOL influence, and listings surge.
Short squeeze and negative funding amplify the memecoin’s breakout.
Rejection at resistance may send the price toward the $0.053 support.
PIPPIN, a Solana-based memecoin, fired off a massive 210% rally over the past 30 days. To this day, the crypto community on X continues to discuss it.
The move triggered fresh market interest, considering how muted the memecoin mania has become. Unlike some tokens that have experienced significant growth lately, PIPPIN is not a new token.
At press time, the PIPPIN price hovers around $0.062, having extended its rally over the last 24 hours. Here is how it all played out, and what could be next for the memecoin.
All About the PIPPIN Crypto
Although PIPPIN has experienced a recent price uptick, the token actually reached its all-time high in January 2025.
PIPPIN stands out as an SVG-based unicorn character generated using cutting-edge LLM benchmarks on ChatGPT-4o.
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Interestingly, one of the reasons it hit a record high ten months ago was due to the hype around AI agents.
For context, Yohei Nakajima, a renowned innovator and respected voice in the AI for venture capital (AI for VC) ecosystem, created the project.
Why Is PIPPIN Price Up?
PIPPIN’s recent price explosion can be traced to a combination of renewed hype, heightened social engagement, and increased exchange visibility.
Over the past few weeks, market interest has surged as several high-profile Key Opinion Leaders (KOLs) began openly discussing the memecoin.
Influential figures such as “Chooserich,” who has more than 269,000 followers, and “Ashcryptoreal,” with a two-million-strong audience, have highlighted PIPPIN on their feeds.
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At the same time, PIPPIN has been appearing more frequently in prompts directed at Grok.
Each mention boosts social buzz, drawing more users into the conversation and strengthening the perception that PIPPIN is gaining cultural relevance.
Besides that, exchange interest has further fueled the rally. According to CCN’s findings, PIPPIN has captured the attention of major platforms, including OKX and Bybit.
Even more impactful, PIPPIN secured a listing on Binance’s perpetual contracts, significantly increasing trading access and liquidity.
Short Squeeze Sends Memecoin Flying
As a result, the memecoin has garnered considerable attention. If sustained, PIPPIN’s price will likely rise beyond the current $62 million market cap.
However, it’s not just that. A powerful combination of market conditions and technical factors fueled this sharp acceleration.
Part of the momentum comes from a short-squeeze. Recent liquidation data shows more than $10 million was wiped out, mainly from short positions.
This forced bearish traders to buy back into the market, adding fuel to an already aggressive upward move.
Additionally, CCN noted that PIPPIN’s funding rate has remained negative. When prices rise under these conditions, it creates an ideal setup for further upside.
Therefore, if PIPPIN’s price maintains its upward momentum while short positions remain crowded, bearish traders may be forced to unwind their positions, potentially driving the price even higher.
PIPPIN Price Prediction
On the technical front, the daily chart shows that PIPPIN has successfully broken out above the key resistance line of a falling channel.
This breakout occurs alongside a bullish MACD crossover, indicating a shift in momentum as buying pressure begins to dominate.
Building on this strength, Holders Sentiment has risen to an elevated level. When sentiment and momentum align, rallies often gain additional traction.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
