Bubblemaps: The PIPPIN Token is suspected of market manipulation, involving a capital scale of over 115 million USD.

2025-12-02 13:30:57

Abstract generation in progress

According to a report from 深潮 TechFlow on December 2, monitored by Bubblemaps, the PIPPIN Token is suspected of market manipulation.

Data shows that 50 associated wallets purchased PIPPIN tokens worth 19 million dollars. These wallets exhibit distinct coordinated characteristics: they received similar amounts of SOL tokens at similar times, and there were no previous on-chain activity records.

In addition, 26 addresses withdrew 44% of PIPPIN tokens from CEX within two months, worth approximately 96 million dollars. Most of the withdrawal operations took place on October 24 and November 23, and the related wallets were mostly newly created accounts.

Bubblemaps indicates that based on the analysis of time nodes, fund amounts, and financing models, there are suspicions of coordinated operations in these wallet activities.

PIPPIN-10.47%

SOL-4.61%

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