PIPPIN rallies as buyers dominate — spot outflows, heavy short liquidations push bullish momentum

Published: 2026-02-14 12:13:48 |

PIPPIN (memecoin) has seen renewed, aggressive buying across spot and derivatives markets, producing a strong bullish run. Early reporting showed a 27.6% intraday rise to $0.415 with rising daily volume ($56.5M), renewed whale accumulation (wallets linked to Wintermute and bot-like addresses adding sizable positions), exchange net outflows (~$6.42M outflows vs $4.97M inflows; spot netflow ≈ -$1.45M), and elevated futures activity (futures volume +156% to $712.6M, open interest +21% to $101M, futures netflow +$7.83M). Technicals then signalled bullish momentum (RSI ~56, bullish RVGI crossover) with potential targets at $0.45–$0.50 and a support risk near $0.34 if momentum fades. A later update showed the rally intensify: PIPPIN jumped as much as 22.4% intraday to $0.65 and was trading around $0.60 at press time, erasing 2026 losses and gaining ~225% on the week with six consecutive higher daily closes. On-chain and exchange indicators pointed to strong buyer conviction: net buy volume and daily buy volume outpaced trading volume (Coinalyze), exchange outflows increased (CoinGlass spot netflow ≈ -$3.01M), and derivatives saw significant short liquidations (~$15.7M over six days), a rising long/short ratio (~1.089) and a ~10.6% increase in open interest. RSI rose toward ~71 and price stayed above short- and long-term EMAs, reinforcing bullish bias. Short-term upside targets cited include a retest of $0.65 and resistance near $0.72; downside risk includes a pullback toward $0.40 with EMA20 near $0.36 acting as critical support. Trading takeaways: key signals to watch are spot net flows (continued net outflows imply accumulation), short-liquidation trends and futures open interest (rising OI plus liquidations can fuel squeezes), RSI/EMAs for momentum confirmation, and whale accumulation on-chain. If buying pressure persists and OI stays elevated, continuation toward $0.65–$0.72 becomes likely; failure to sustain flows and a drop in OI or RSI could trigger retracements toward $0.36–$0.40.

Bullish

Combined on-chain, exchange and derivatives data point to sustained buyer dominance for PIPPIN. Repeated exchange net outflows (spot netflow negative) alongside whale accumulation indicate accumulation off-exchange. At the same time, large short liquidations, rising futures volume and an increase in open interest suggest that leveraged short positions have been cut and new leveraged exposure has been added — a setup that can amplify upward moves. Technical indicators (RSI rising toward overbought levels, price above EMAs, bullish RVGI) confirm momentum. Short-term impact: bullish — continued buying and elevated OI can drive further upside toward $0.65–$0.72. Risk/mean reversion: if spot flows reverse or OI falls while RSI rolls over, expect corrective drops toward EMA support near $0.36–$0.40. Overall, the net effect on PIPPIN’s price is bullish in both the immediate and near-term horizon, with volatility likely to remain high.