PIPPIN Plummets 20% in a Day as Analysts Warn of Potential Collapse

Published: 2026-02-17 16:35:19 |

Meme coin Pippin (PIPPIN) fell about 20% on February 17, trading near $0.59 and pushing its market capitalization below $600 million. The drop followed weeks of sharp gains and has put PIPPIN at risk of exiting the top 100 by market cap. Several crypto commentators on X (formerly Twitter) suggested the rally was driven by coordinated insider activity — a so‑called "CEX cabal" — and compared the situation to last year’s Mantra (OM) spike-and-crash. Some analysts forecast a dramatic further decline, with price targets as low as $0.10. Technical indicators are mixed: the Relative Strength Index (RSI) sits just above the oversold threshold, implying a possible short-term bounce but not ruling out deeper losses. Traders are advised to view PIPPIN as high-risk; sentiment and on-chain/centralized-exchange flows will be key in determining whether this is a corrective pullback or the start of a large-scale unwind.

Bearish

The news points to heightened downside risk for PIPPIN. A 20% daily decline after a rapid rally increases the likelihood of follow-through selling, particularly given claims of coordinated insider activity ("CEX cabal") and comparisons to OM’s 99% crash. Market-cap slipping below $600M raises the prospect of reduced liquidity and index re-ranking pressure. RSI near oversold could trigger a short squeeze or relief bounce, but that would be transient unless fundamentals or on-chain metrics show sustained activity. Historically, tokens that experience rapid, sentiment-driven pumps followed by insider sell narratives (e.g., OM and other meme coins) often suffer steep multi-day to multi-week drawdowns. Short term: elevated volatility, opportunity for quick scalps or short positions for risk-tolerant traders. Medium to long term: unless project activity, listings, or on-chain adoption improve, probability of significant devaluation remains high. Traders should watch exchange flows, large wallet movements, order book depth, and social-sentiment shifts to gauge next moves.