Is the Hype Around Pippin Over? A Bearish Analysis

Once hailed as one of the most promising meme coins in the market, Pippin (PIPPIN) is showing signs of fatigue. After a meteoric rise that captured traders’ attention, the token’s recent price correction has raised questions about whether its hype is finally fading. 

With market volatility increasing and investor sentiment turning cautious, a bearish tone is emerging around this once-trending digital asset.

Current Price Overview

Source: Coingecko

As of now, Pippin (PIPPIN) ranks #967 with a live price of $0.0328, reflecting a 14.2% drop in the last 24 hours. The token has traded within a 24-hour range between $0.03174 and $0.03819, signaling heightened volatility. Its market capitalization stands at $32.29 million, supported by a circulating supply of 999,940,260 PIPPIN. 

Meanwhile, the 24-hour trading volume is reported at $9.76 million, suggesting that despite the downturn, market activity remains strong.

READ ALSO: What is Pippin? PippinCoin Explained and How to Buy on Bitrue

Market Sentiment Turns Bearish

The short-term outlook for Pippin is leaning bearish. Over the past seven days, the token has declined by 72.1%, and though it recorded a 95.5% gain over 14 days, the momentum appears unsustainable. The combination of profit-taking and market correction has led many traders to adopt a more cautious stance. 

Analysts suggest that this bearish shift could persist if trading volume starts to taper off further in the coming days.

Pippin as a Meme Coin: The Volatility Factor

As a meme coin, Pippin’s price performance is heavily influenced by social media sentiment and community hype rather than fundamentals. This makes it particularly sensitive to market mood swings. In bull cycles, such tokens can rally dramatically, but when the enthusiasm fades, the corrections are often steep and swift. 

With investors shifting toward more established assets, Pippin’s short-term volatility is expected to remain high.

Technical and On-Chain Indicators

Technical indicators show mixed signals. Pippin’s RSI has entered the oversold territory, hinting at potential short-term relief, but overall trend indicators point downward. On-chain data also suggest declining active wallet addresses, reinforcing the view that speculative interest may be waning. 

Traders are advised to monitor support levels near $0.03, as a break below this could accelerate further downside pressure.

READ ALSO: Will PIPPIN Reach $25 to Go Up by 1,000X? Analysis with Bitrue

Conclusion

While Pippin remains a vibrant part of the meme coin ecosystem, the recent data suggest a cooling phase. The hype that once fueled its rally may be giving way to market realism, leading to a more measured price movement. 

Unless renewed interest or external catalysts emerge, the bearish trend could continue in the short term. For now, Pippin stands as a reminder that meme coins can rise fast—but they can fall just as quickly.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

FAQ

What is Pippin?

Pippin is a meme coin known for its community-driven hype and high volatility.

Why is Pippin’s price falling?

The decline is largely due to reduced market enthusiasm and profit-taking from earlier gains.

Is Pippin still a good investment?

It carries high risk; investors should assess market sentiment before entering positions.

What was Pippin’s highest price recently?

Pippin peaked near $0.03819 within the past 24 hours before correcting downward.

Where can I trade Pippin?

You can trade Pippin on major crypto exchanges that list trending meme coins.