PIPPIN Up 159% as Selling Tests the Rally

PIPPIN price has surged 159% over the past five days, trading at $0.419 and moving closer to its all-time high. Momentum remains strong, but continued investor selling could test whether the token can sustain demand and convert resistance into lasting support. The Network Value to Transactions (NVT) ratio remains relatively low despite the recent spike, suggesting network usage is expanding alongside price.

Transaction volumes have kept pace with market-cap growth, a dynamic that reduces the likelihood of an immediate correction driven purely by overvaluation. Holders have moved about 41.95 million PIPPIN tokens onto exchanges, representing more than $17 million in realized supply.

Such flows often reflect short-term profit-taking, yet rising prices, steady NVT readings, and exchange inflows may indicate buyers are absorbing the available supply.

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