2025-12-19 17:21:25

Recently, many investors have reported suspicious issues with PIPPIN coin, and a closer look at the data indeed warrants caution.

First, let's talk about token distribution. 80% of the circulating tokens are held by a few related wallets, with a book value exceeding $380 million. This highly concentrated structure is inherently dangerous—whales can coordinate to dump at any time. A common tactic is to first pump the price to attract retail investors, then execute a rug pull to cash out and run.

Next, look at project updates. The official social media has not been updated for several months, making it seem like a dead project. Yet, recently, it surged over 1000%. This bizarre movement raises suspicion that it might be using some hot news to scam new players into the market.

The most outrageous part is the perpetual contracts. The funding rate has been in extreme negative territory for a long time, dropping from -1% to -2.5%. This directly punishes long positions. Countless traders have been liquidated, with retail investors like lambs to the slaughter, while the whales easily harvest profits through the rate differential.

As for the "listing" news on a certain platform, a subsequent check shows a 404 page, clearly indicating false advertising. The project lacks substantial technical support, has zero community foundation, and its fundamentals are a mess. This is a classic pump and dump scheme.

Many community voices have already exposed this as a scam project, with numerous victims. We hope relevant platforms will investigate promptly. Also, a reminder to all investors: stay away from tokens that are highly concentrated, have missing team members, or show abnormal data.

PIPPIN-19%

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DegenMcsleepless

· 2025-12-22 02:44

80% is locked in several Wallets, what else could it be if not a market maker... Looks like another old-school rug pull script. Once again, the contract is negatively charged, blood washing every time, trapping retail investors, it's pointless. 404 page haha, they dare to boast about the listing news, their guts are really big. I won't touch such a scheme, the risk-reward ratio is through the roof. Funding rate from -1 to -2.5, damn, this is lying in ambush, long positions are really the big fools this time. The official hasn't taken any action for months and suddenly pumps 1000%? It’s suspicious, no doubt. The community is howling, it should have been delisted long ago, let's wait for further developments. I can see through this tactic with my eyes closed, it's purely a scam scheme.

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GateUser-e19e9c10

· 2025-12-21 01:16

Damn, PIPPIN is such a trash project. 80% is held in a few wallets, and it should have been dumped already. This is a clear sign of a rug pull. Social media can still surge 1000% after being dead for half a year? Purely a scheme to harvest retail investors, no need to look at fundamentals at all. Fee rate at -2.5%, longs are completely liquidated, retail investors feel like lambs being slaughtered—so uncomfortable. That 404 one just made me laugh to death. Who still believes in this kind of false advertising? People who don't learn from lessons really deserve to be cut once.

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0xInsomnia

· 2025-12-20 12:55

Here's another classic pump-and-dump scheme. They dare to go public with 80% of the funds in just a few wallets. They really don’t see retail investors as people. Honestly, I just want to know how these projects haven't been forcibly delisted yet. They’re happy only when a -2.5% fee rate causes liquidations. Damn, the funding rate on perpetuals has been consistently negative. Long positions are being squeezed to death. This is outright harvesting. The project team hasn't touched their social media for half a year. Even after a 1000% surge, they pretend nothing's happening. I've seen this script a hundred times. The old tricks of pumping, dumping, and running away. There’s always someone rushing in every time. I really don’t understand. That 404 page, haha. Do they not even bother to pretend it’s a legitimate listing? Retail investors, wake up. Don’t even touch tokens with such high concentration. There’s a 99% chance they’re just here to harvest. Market makers profit from the spread, while longs get liquidated en masse. If that’s not a scam, what is?

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WagmiAnon

· 2025-12-19 17:53

Damn, 80% concentrated in just a few wallets, isn't this just a naked pump-and-dump scheme? It's the same old trick again—dead projects suddenly surge 1000%, and newbies can't react in time and get trapped. Fees are negative at -2.5%, long positions are directly being drained, which is why I just pass on these kinds of tokens now. There's nothing more to say.

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LiquidatedAgain

· 2025-12-19 17:43

Once again, I got liquidated. This time I finally learned to watch out for negative fees... My friend lost fifty thousand on PIPPIN, no wonder. -2.5% fee rate, long positions are just lambs waiting to be slaughtered. I’ve been saying why there are so many liquidation orders in the contract pool. 80% of the circulating supply is in the hands of the whales. Isn’t that just waiting to dump the market? I’ve seen too many tricks like this. Official media hasn't updated in months but still managed to pump the price by 1000%. That move is brilliant. Beginners really need to be more cautious. Page 404 haha, these days false advertising doesn’t even bother to hide, they just slap it right in your face. Adding to your position is pointless. Just set a stop-loss quickly. The risk control points for these kinds of coins have long been penetrated. Honestly, whenever I see extreme negative fees, I run. I didn’t run last time, and now my account is still in the hospital.

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WhaleStalker

· 2025-12-19 17:32

Damn, 80% is locked in just a few wallets. Isn't this just a naked rug pull rehearsal? Wait, the official media hasn't moved for months and suddenly skyrocketed by 1000%. I've seen this script too many times. The fee rate is negative to -2.5%, and the bulls are still holding on? Truly brave, or maybe just really naive. That "listing" news from 404 made me laugh. They don't even bother to hide it. PIPPIN is a textbook case, pump and dump written all over it. I really want to know how many people haven't realized this is a scam, but forget it, those who are going to lose out just can't stop.

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WagmiWarrior

· 2025-12-19 17:23

Damn, PIPPIN is really outrageous. 80% is concentrated in just a few wallets. Isn't this just a prelude to a rug pull? The team hasn't shown any activity for months, then suddenly pumps 1000%. Anyone would be cautious—it's obviously a trap. Fee rate -2.5%, all longs got wrecked. This is just a way to harvest retail investors' funds. So disgusting. That 404 news is even more incredible. Claiming a fake listing—do they really think we're fools? This is a classic P&D scheme. Stay far away, far away, and again far away. Has anyone already fallen into the trap? Truly a huge loss.

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