PIPPIN rallies 59% as whales pour in $19M – What’s next?

Over the past day, pippin [PIPPIN] has rallied 59%, at press time, after weeks of quiet accumulation across the memecoin sector.

Its market cap jumped 33%, rising to $233.53 million from a low near $22 million on the 21st of November, breaking through previous ranges with steady momentum.

Traders are rotating back into mid‑caps, with PIPPIN delivering one of the strongest recoveries in the sector.

Source: TradingView

The daily timeframe confirms the shift, with the memecoin chart fully reclaiming long‑term resistance zones. Momentum candles now extend into levels not seen since earlier this year, giving the current rally significant weight.

Whales add $19M as retail volume jumps

According to data from BubbleMaps, 50 connected wallets bought $19 million in PIPPIN through synchronized entries.

HTX funded these addresses within narrow windows, received similar amounts of Solana [SOL], and showed almost no prior on-chain footprint. This pattern points to a coordinated buildup rather than isolated trading activity.

Source: Bubblemaps

On the 2nd of December, BubbleMaps flagged additional activity, revealing 26 addresses that withdrew 44% of all PIPPIN from Gate over the past two months, a total worth $96 million.

Source: Bubblemaps

Notably, most withdrawals hit on the 24th of October, the 23rd of November, and the majority came from newly funded wallets.

Heavy accumulation on centralized exchanges followed by structured withdrawals often signals strong conviction from well-capitalized players.

Decoding on-chain factors

CoinGlass data shows retail traders entering aggressively, with volume surging past $49 million and Open Interest (OI) rising over 38%, at press time, reinforcing each breakout attempt.

Meanwhile, market cap keeps climbing as liquidity deepens with every push.

Source: CoinGlass

Retail traders and whales are now moving in sync, turning the trend from a brief rebound into a more controlled advance. 

Buyers remain aggressive, with both spot and leveraged flows adding sustained pressure to the chart.

Final Thoughts

• Whale accumulation and rising retail participation highlight strong conviction, reinforcing PIPPIN’s momentum across key resistance levels.
• The question remains: Can the rally transform into a broader breakout, unlocking higher liquidity zones?