Community demands action as liquidity risks are flagged in the market.
Blockchain analysis platform Bubblemaps has revealed that insider control of the PIPPIN token has reached 80%, valued at approximately $380 million, triggering significant market concerns.
This concentration has sparked investor anxiety and demands for exchange delistings, given the coordinated wallet activities potentially indicating manipulation within the crypto community.
Bubblemaps analysis showed that insiders control 80% of the PIPPIN token supply, valued at $380 million. Suspicious wallet activity was detected, including 16 new wallets receiving significant funds with no prior trading history.
Immediate implications include market stability and potential liquidity issues. The concentration of tokens among insiders suggests a risk of manipulation that may affect price volatility.
The crypto community reacted with demands for delisting PIPPIN, highlighting liquidity and risk concerns. With no official statements from the project team, community apprehension continues to grow.
“The timing, amounts, and funding patterns suggest these wallets were coordinated,” referring to Bubblemaps’ analysis of PIPPIN’s wallet activities.
Did you know? The concentration of token supply among a small number of wallets in cryptocurrency markets is not unprecedented and has often led to significant price shifts in the past, making insider activity a critical area of focus.
According to CoinMarketCap, PIPPIN’s current price is $0.51 with a market cap of $511.31 million. The 24-hour trading volume reached $89.98 million, increasing by 51.54%. The token has seen a 31.03% rise in the last 24 hours and a remarkable 1,665.99% surge over 30 days. The total circulating supply is 999,996,253, as of the latest update on December 16, 2025.
