How Traders Are Positioning on PIPPIN Amid a Surging Rally
February 16 2026 – Crypto Market Desk
The meme‑coin PIPPIN, a relatively obscure token that entered the top‑10 of its niche last week, has captured the attention of both speculative traders and cautious observers. Over the past two weeks the asset has surged roughly 300 %, reaching an intraday high of just under $0.76 on February 15. At the time of writing, the token trades around $0.73, translating to a market capitalization of about $730 million – enough to place it 82nd among all cryptocurrencies and seventh within the meme‑coin segment.
Recent Price Action
PIPPIN’s rally stands out against a broader crypto market that has been under pressure in recent weeks. The price climb lifted the token from a low‑40‑cent range in early February to a near‑$0.80 level, prompting a flurry of activity on social media and trading platforms. CoinGecko’s price chart shows the token’s market cap expanding in line with the price move, while volume spikes indicate a renewed flow of both retail and leveraged participation.
What Traders Are Doing
The heightened momentum has produced a spectrum of trading ideas, ranging from aggressive long‑bias positions to contrarian short setups.
| Trader (X) | Position | Entry Range | Leverage / Size | Stop‑Loss | Target(s) | Rationale |
|---|---|---|---|---|---|---|
| Tryrex | Long (margin) | $0.695 | 7× | Initially $0.6034, later adjusted to $0.6125 | $0.97 (≈3.4 R) | Believes the rally can continue into the $0.90‑$1.00 zone; increased position after tightening stop. |
| Crypto Tony | Spot long | N/A (current spot) | – | – | Watching $0.78 as a test; potential for short if bulls fail | Uses price‑action testing to gauge continuation; remains bullish until a decisive break. |
| Nehal | Short (margin) | $0.75‑$0.72 | – | $0.81 | $0.63, $0.56, $0.51 | Views the recent surge as a short‑term overextension; targets a retracement to earlier support levels. |
The divergent strategies illustrate how the same price action can be interpreted differently: some traders are betting on further upside, while others anticipate a rapid correction.
Market Sentiment and Risks
Despite the enthusiasm, several analysts caution that PIPPIN’s fundamentals remain weak:
- Meme‑coin volatility – Tokens in this category are known for extreme price swings, often driven more by hype than utility.
- Supply concentration – Social media chatter suggests that insiders may control a large portion of the circulating supply (estimates exceeding 80 %). Such concentration can facilitate price manipulation.
- Historical precedent – In the previous cycle PIPPIN’s market cap peaked at roughly $330 million before collapsing by over 90 % to under $10 million. The pattern of rapid inflations followed by steep declines has resurfaced, prompting warnings that the current rally could mirror past busts.
- Questionable use‑case – Critics argue that the token’s value proposition is limited, with much of the price action attributed to speculative trading rather than any underlying product or ecosystem.
Given these factors, the token is generally regarded as high‑risk, suitable only for investors with a strong risk tolerance and a clear exit strategy.
Outlook
If PIPPIN can break and sustain the $0.80‑$0.85 region, it may attract additional speculative inflows, potentially pushing the price toward the $0.95‑$1.00 mark targeted by leveraged longs. Conversely, a failure to hold above $0.78 could trigger a swift pullback, validating short‑side arguments and possibly igniting a broader sell‑off across the meme‑coin space.
Key technical levels to watch:
- Resistance: $0.78 – $0.80 (first test), $0.95 – $1.00 (long‑term bullish target)
- Support: $0.70 – $0.73 (current price floor), $0.63 – $0.56 (short‑term downside targets)
Market participants should also monitor on‑chain metrics such as large wallet movements and exchange inflows/outflows, which can provide early clues about potential supply‑side pressure.
Key Takeaways
- Rapid rally: PIPPIN has jumped ~300 % in two weeks, reaching a near‑$0.76 high and a market cap of $730 million.
- Diverse positioning: Traders are employing both aggressive long‑leveraged bets (e.g., 7× exposure) and cautious short setups, reflecting uncertainty about the sustainability of the move.
- High volatility: As a meme‑coin, PIPPIN remains prone to large price swings and speculative spikes.
- Supply concerns: Reports of insider ownership exceeding 80 % raise the specter of price manipulation.
- Risk management essential: Investors should use tight stop‑losses, size positions appropriately, and be prepared for a rapid reversal—especially given the token’s weak fundamentals and historical crash patterns.
Investors are reminded that cryptocurrency markets are highly speculative. The information above does not constitute financial advice.
Source: https://cryptopotato.com/pippin-pippin-skyrockets-by-300-in-2-weeks-how-are-traders-playing-it/
