Traders, warning of the risk of circulation control for some tokens
https://t.co/hETqpKwCCi https://t.co/0Z1X3qJnuY
Traders, warning of the risk of circulation control for some tokens
https://t.co/hETqpKwCCi https://t.co/0Z1X3qJnuY
retail is bidding $pippin on robinhood like a generational bottom. the token is down 97% from its $1b high. on-chain wallets show exactly zero net spot accumulation. you are just exit liquidity for a perp pump.
Guys don't buy $PIPPIN
As someone who bought and sold this one extremely carefully over the last few months, these onchain wallets are not buying yet.
Go to dexscreener/ top traders 30d / you can see tons of the wallets here.
DO NOT BUY THIS UNTIL SOME ONCHAIN WALLETS START TO NET BUY. I cannot emphasize this enough. Every other pump is purely perps driven and then more spot is dumped onto the market. If you want to buy and scalp this one, that's fine...but do not buy with any longer hold in mind on this.
Coins like $PIPPIN are incredibly supply controlled and cabal driven. But you can still make money on coins like this by observing funding rates and onchain transfers.
PIPPIN is up 50% today, I actually missed this move but have captured some of the others in the past. https://t.co/iB2fY7vxPX