PIPPIN Surges 200% in Weekly Rally as Futures Open Interest Hits Record $217 Million
PIPPIN's price neared its all-time high as futures open interest hit a record $217 million on February 12, 2026, marking a dramatic acceleration in speculative trading activity. The token's price surged nearly 200% in the past week, reaching approximately $0.52, with the live PIPPIN price at $0.514860 USD and a 24-hour trading volume of $79,872,504 USD.
Market Performance and Price Action
PIPPIN is up 4.25% in the last 24 hours, with a current CoinMarketCap ranking of #76 and a live market cap of $514,858,092 USD. The token's explosive gains have captured significant market attention, with Gate emerging as the most popular exchange for trading PIPPIN, where the PIPPIN/USDT pair has a trading volume of $10,692,371.06 in the last 24 hours.
Derivatives-Driven Rally Raises Concerns
The rally lacks fundamental project updates—the official X account has been silent since August 2025, with the move instead driven by intense speculative trading in derivatives markets. Analysts warned of a bull trap on February 11, 2026, citing liquidation clusters and weak trend strength signaling high risk of a sharp reversal.
Social Media Momentum and Community Engagement
The token sees massive engagement growth on social media, driving attention but also hype concerns. Social analytics platform LunarCrush reported a massive surge in social dominance and engagement for PIPPIN, with a 30% "mindshare" score attributed to its strong price performance and market cap growth, with surge in mentions and discussions primarily on X.
Concentration and Risk Factors
A Bubblemaps report indicated insiders may control 80% of tokens, with 44% of circulating supply withdrawn from exchanges in a coordinated move, artificially reducing sell-side liquidity and inflating the price. The official X account (@pippinlovesyou) has been silent since August 2025, with no recent roadmap or major updates from the founding team.
Project Background
Pippin is an SVG unicorn drawn using the latest LLM benchmarks on ChatGPT 4o and is an autonomous AI agent on X, created by Yohei Nakajima, a recognised innovator and thought leader in the AI VC space.