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$PIPPIN <
Bubblemaps: The PIPPIN token is suspected of market manipulation involving a capital scale exceeding 115 million USD.
TechFlow
TechFlow View Source
According to Deep Tide TechFlow news, on December 2,
Bubblemaps monitoring indicates that the PIPPIN token may be experiencing market manipulation.
Data shows that 50 associated wallets purchased a value of
19 million US dollars worth of PIPPIN tokens, these wallets exhibit distinct coordination features: receiving similar amounts of SOL tokens in close temporal proximity, with no prior on-chain activity record.
In addition, 26 addresses withdrew 44% of PIPPIN tokens from CEX within two months, worth approximately $96 million. Most of the withdrawals took place on October 24 and November 23, with the related wallets being mostly newly created accounts.
Bubblemaps indicates that based on the analysis of time nodes, funding amounts, and financing models, there are suspicions of coordinated operations regarding these wallet activities.