PIPPIN abnormal transaction (2025 December 1, 2025 )
· Involved currency: Meme coin PIPPIN of the Solana ecosystem · Specific situation: On-chain data shows that some wallets have driven up prices by centralizing accumulation and refusing to sell, attracting short sellers to enter the market, and then using the price's extreme volatility (spike) to force the short sellers to liquidate, creating a leveraged 'death spiral'. · Core reason: Some traders or groups consciously exploit the characteristics of low liquidity Meme coins for price manipulation.
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PIPPIN abnormal transaction (2025 December 1, 2025 )
· Involved currency: Meme coin PIPPIN of the Solana ecosystem
· Specific situation: On-chain data shows that some wallets have driven up prices by centralizing accumulation and refusing to sell, attracting short sellers to enter the market, and then using the price's extreme volatility (spike) to force the short sellers to liquidate, creating a leveraged 'death spiral'.
· Core reason: Some traders or groups consciously exploit the characteristics of low liquidity Meme coins for price manipulation.