PIPPIN crypto just crashed 55.69% in 24 hours. Trading at $0.164.
Over $200 million in market cap wiped out in a single day. A derivatives unwind is accelerating the move lower and making the drop even uglier.
Traders are watching $0.15 as the next stabilization point. Capital is already rotating out fast.
Key Takeaways:
- PIPPIN lost over half its value in a single session, dropping to $0.164 amid $3.4 million in forced long liquidations.
- Futures data shows negative funding rates of -0.0023%, signaling crowded short positioning that could cap any immediate recovery.
- Speculative capital is rotating out of stalled AI meme coins and into the viral Maxi Doge presale to capture early-stage repricing.
Liquidation Cascade Flushes $3.4M in Leverage
This was not a fundamental breakdown. It was a leverage wipeout.
Open interest sat at $69.43 million right before the drop. A powder keg of over-leveraged longs waiting to blow. When price slipped, $3.4 million in longs got liquidated instantly. Those forced sell orders hit the order book and accelerated the move lower.
Classic feedback loop. Price drops, liquidations trigger, more selling follows, price drops harder.
Funding rates have now flipped negative to -0.0053%. Short sellers are in control. The market structure for PIPPIN has completely decoupled from the broader bullish trend seen in assets like Pepe.
The leverage is gone. Now the market has to figure out what PIPPIN is actually worth without it.
Can PIPPIN Crypto Hold $0.16? Key Levels to Watch
Pippin ran from $0.18 all the way to $0.93 in late February. Then gave almost every penny of it back. Now sitting at $0.204, right back where it started.
That kind of chart tells you everything. The pump was rigged. The market has fully repriced it.
The recent drop is the ugliest part. Price collapsed straight out of the $0.35 to $0.40 consolidation range with almost nothing catching it on the way down. No real demand under that range. Most holders were just waiting to exit.
The only thing bulls have right now is location. Price is sitting at the original launch zone. The $0.18 to $0.22 base is the last area with any historical significance as support.
If buyers show up here, the oversold flush could produce a sharp relief bounce back toward $0.30 to $0.35.
But the broader structure is not inspiring. This is a coin that pumped hard, gave it all back, and is now sitting on the edge of losing even its launch zone. That is not a setup for anything beyond a short term trade.
Is Maxi Doge ($MAXI) the Next 100x Opportunity?
As PIPPIN cools off, rotation is already happening.
Smart money exiting stalled positions is landing on Maxi Doge. The math is simple. Mid-cap assets with nine-figure valuations cannot deliver the multiples traders are hunting. Early stage presales can.
The $MAXI presale has already raised $4.6 million. Staking rewards are live with high APY, incentivizing holders over flippers. And unlike PIPPIN, there is no overhead supply of trapped bagholders waiting to exit.
Fresh chart. Early entry. Clear risk-reward.
Capital is leaving over-leveraged perp markets and parking in spot allocations where the setup actually makes sense. Maxi Doge is catching that flow right now.
Visit the Official Maxi Doge Website Here
The post PIPPIN Crypto Plummets -45%: $200M Wiped From Market Cap as Traders Target New Meme Coin appeared first on Cryptonews.
Credit: Source link