The meme coin PIPPIN surged 20% in the past 24 hours, defying a broader market downturn sparked by geopolitical trade news. Its price briefly exceeded $0.72, reclaiming a market cap above $700 million and a top-100 cryptocurrency ranking. Analysts are divided on the token’s future, with some predicting a rise to $1.20 and others warning of a potential crash below $0.10.
The meme coin PIPPIN posted a double-digit increase while major cryptocurrencies like Bitcoin and Ethereum declined amid negative market sentiment stirred by the latest tariff developments from U.S. President Donald Trump. This performance continues a volatile trend for the asset, which reached an all-time high near $0.76 earlier in February before correcting sharply.
PIPPIN’s price spiked by 20%, briefly exceeding $0.72 before stabilizing around $0.71 according to available data. Its market capitalization once again surpassed $700 million, placing it as the 81st-largest cryptocurrency overall and the seventh-largest meme coin. Some market observers believe the rally could continue in the short term.
X user Blockchainedbb recently predicted the asset could see enhanced volatility but eventually rise to as high as $1.20. Another user, Satori, claimed that PIPPIN has become one of their “best plays lately,” noting capital has shifted away from Bitcoin. Conversely, critics have warned of potential steep declines.
X user Crypto GVR predicted PIPPIN may soon fall below $0.10. Others, including users va00sa and Shual, warned that insiders control a large portion of the supply, allowing for potential price manipulation. Traders should note that meme coins are notoriously volatile and driven by hype rather than fundamentals.
Technical analysis indicates PIPPIN’s Relative Strength Index (RSI) currently stands around 85. An RSI reading above 70 typically suggests an asset may be overbought and due for a correction. This data point adds to the uncertainty surrounding the sustainability of the token’s recent price gains.
