According to @bubblemaps, $PIPPIN is identified as one of the most heavily controlled tokens in the market. Real-time tracking of its top holders is available, offering traders and investors a transparent view of token distribution. This level of monitoring can provide critical insights for evaluating centralization risks and trading strategies.

According to @bubblemaps, the cryptocurrency PIPPIN (PIPPIN) has experienced a 70% price drop within a week. Analysis reveals that 120 wallets control 80% of the token's supply, raising concerns about centralization and potential price manipulation. Despite this, the token's price continues to show signs of pumping, but its sustainability is questionable given the high concentration of holdings.

According to @ai_9684xtpa, a well-known $PIPPIN short nicknamed Mystery Small K Line is still holding the position with unrealized losses exceeding $2.843M, excluding hourly funding fees that are estimated in the millions, source: x.com/ai_9684xtpa/status/2007721536766263388. On Jan 2, PIPPIN briefly dropped to $0.35 and rebounded to $0.4883 today, source: x.com/ai_9684xtpa/status/2007721536766263388. The short campaign reportedly started on Nov 22, 2024 and has run for 45 days, with funding mostly negative since Nov 30, source: x.com/ai_9684xtpa/status/2007721536766263388. The Binance derivatives live panel for this trader shows a cumulative loss of $4.945M and a one-month PnL curve trending down, source: binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. Price action printed an intraday wick to $0.7661, source: x.com/ai_9684xtpa/status/2007721536766263388. The short reportedly holds about 14.6M tokens with an average entry of $0.2913, avoided liquidation due to sufficient margin, and posted a sudden loss increase of $6.068M between 15:00–19:00, source: x.com/ai_9684xtpa/status/2007721536766263388 and binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. The trader stated on Binance Square that they will neither close nor add to the position, source: x.com/ai_9684xtpa/status/2007721536766263388. Key trading levels cited include $0.35 (recent low), $0.4883 (current rebound), and $0.7661 (wick high), source: x.com/ai_9684xtpa/status/2007721536766263388.

According to @bubblemaps, a cluster of 11 wallets holds 9% of the PIPPIN token supply (source: @bubblemaps, Dec 16, 2025). According to @bubblemaps, these wallets are linked through Bitget based on funding connections (source: @bubblemaps, Dec 16, 2025). According to @bubblemaps, coordinated PIPPIN outflows and funding patterns indicate the wallets are likely controlled by a single entity (source: @bubblemaps, Dec 16, 2025).

According to @OnchainLens, citing Nansen data, a whale spent 23,736 SOL (approximately $3.3 million) over the past three days to acquire 16.35 million PIPPIN at $0.20 (@OnchainLens; Nansen). The position currently shows more than $740,000 in unrealized profit based on on-chain tracking (@OnchainLens; Nansen). The whale’s address is HWBDGGT5j8LMVbGRu8UC6KQ3p9NKUi6nCfh4ENogEFee, establishing a visible on-chain cost basis near $0.20 for this holding (@OnchainLens; Nansen).

According to @lookonchain, wallet 2Gc2Xg sold all 24.8M PIPPIN for 29,527 SOL worth about 3.74M dollars, with the transfers visible on Solscan address B6co6zZpZvNFwD6KRazJyUyaRcHgLev9dzgEAFbXJg3R. @lookonchain adds that the position was opened a year ago with 450 SOL around 90K dollars for the same 24.8M PIPPIN. @lookonchain reports the unrealized profit peaked near 7.6M dollars on Jan 11 and PIPPIN later fell below a 10M dollar market cap. With the recent rebound, the address fully exited and now shows no PIPPIN balance on Solscan address B6co6zZpZvNFwD6KRazJyUyaRcHgLev9dzgEAFbXJg3R, per Solscan and @lookonchain. For traders, this realized return of about 4066 percent removes this address as a future source of PIPPIN sell orders, as the wallet holds zero PIPPIN on Solscan and the sale was confirmed by @lookonchain.

According to Ai 姨, a whale with the address 3cBB2...7BzvT has invested $1.324 million in Pippin over the last hour, marking their first purchase of the coin at an average cost of $0.2297.