\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tThis is a “scam coin” that “rugged people,” one analyst claimed. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The meme coin PIPPIN, which was among crypto\u2019s rock stars not long ago due to its staggering price increase, has crashed by approximately 50% over the past day alone.<\/p>\n
The big question now is whether a rebound is on the horizon or if this was a textbook rug pull, signaling that things may only get worse from here.<\/p>\n
While the broader crypto market struggled throughout February, the lesser-known meme coin PIPPIN defied the negative conditions, registering a triple-digit price explosion. At one point, the valuation surged<\/a> to $0.76, whereas towards the end of last month it climbed to an all-time high of almost $0.90.<\/p>\n PIPPIN\u2019s market capitalization briefly reached nearly $900 million, thus entering the elite club of the 100 biggest cryptocurrencies, but that success was short-lived. The beginning of March saw a substantial correction, which intensified after a 52% decline over the last 24 hours. In a matter of a single day, nearly $200 million of the asset\u2019s market cap was vaporized, and it now ranks as the 188th-largest digital asset.<\/p>\n The most evident reason for the crash appears to be the selling spree initiated by certain investors. Some X users\u00a0reported<\/a> that the same wallets that accumulated PIPPIN last week\u00a0<\/span>recently dumped their holdings en masse.<\/p>\n The meme coin has been the subject of criticism from many market observers, even during its bull run. Last month, X user Dippy.eth described<\/a> it as \u201cthe largest scam of the past year,\u201d while others think the whole project is \u201ca cabal play,\u201d in which a coordinated group of insiders is believed to manipulate the price through their actions. Most recently, Crypto Analyst joined<\/a> the club of critics, classifying PIPPIN as a \u201cscam coin\u201d that \u201crugged people.\u201d<\/p>\n Despite the overwhelming opinion among industry participants that PIPPIN is a red flag for traders and investors, some remain bullish on the asset. X user Nehal, for instance, envisioned<\/a> heightened volatility ahead and eventual price increase to a new ATH of $1.<\/p>\n The asset\u2019s Relative Strength Index (RSI) supports the rebound theory. The indicator measures the speed and magnitude of recent price movements, helping traders identify potential reversal points. It runs from 0 to 100, and ratios below 30 are considered bullish territory that could precede a resurgence. On the contrary, readings beyond 70 signal that a pullback might be on the way. Currently, PIPPIN\u2019s RSI stands at around 24.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nHow About a Revival?<\/h2>\n
You may also like:<\/h3>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>PIPPIN Price, Source: CoinGecko<\/figcaption><\/figure>\nThe most evident reason for the crash appears to be the selling spree initiated by certain investors. Some X users\u00a0reported<\/a> that the same wallets that accumulated PIPPIN last week\u00a0<\/span>recently dumped their holdings en masse.<\/p>\nThe meme coin has been the subject of criticism from many market observers, even during its bull run. Last month, X user Dippy.eth described<\/a> it as \u201cthe largest scam of the past year,\u201d while others think the whole project is \u201ca cabal play,\u201d in which a coordinated group of insiders is believed to manipulate the price through their actions. Most recently, Crypto Analyst joined<\/a> the club of critics, classifying PIPPIN as a \u201cscam coin\u201d that \u201crugged people.\u201d<\/p>\nHow About a Revival?<\/h2>\nDespite the overwhelming opinion among industry participants that PIPPIN is a red flag for traders and investors, some remain bullish on the asset. X user Nehal, for instance, envisioned<\/a> heightened volatility ahead and eventual price increase to a new ATH of $1.<\/p>\nYou may also like:<\/h3>\nThe asset\u2019s Relative Strength Index (RSI) supports the rebound theory. The indicator measures the speed and magnitude of recent price movements, helping traders identify potential reversal points. It runs from 0 to 100, and ratios below 30 are considered bullish territory that could precede a resurgence. On the contrary, readings beyond 70 signal that a pullback might be on the way. Currently, PIPPIN\u2019s RSI stands at around 24.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" This is a “scam coin” that “rugged people,” one analyst claimed. The meme coin PIPPIN, which was…\n","protected":false},"author":2,"featured_media":42224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-42223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42223"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42224"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/PIPPIN-Price.png\"){kind=link}