Pippin Plunges 85% as Whale Profit Collapses from $7M to Below $1M

• Pippin has plunged about 85.53% from its peak, marking a steep decline in value.
• Pippin whale’s unrealized profit dropped from $6.5M to under $1M amid a price crash.
• Whale sell-offs and $3M liquidations triggered Pippin’s sharp price decline.

Pippin has dropped about 85% from its peak as of today, March 18. Data shared by Lookonchain shows a major investor holding through the decline. The sharp fall reflects a broader cooldown after rapid gains.

Sharp Rise Followed by Steep Drop

The Solana-based AI agency memecoin recorded strong gains in recent months, reaching an all-time high of $0.9011 on February 26. This surge was driven by demand and increased trading activity, with the market cap nearly reaching $900 million, bringing the token closer to the top 100. 

However, the upward move did not last. Prices reversed after reaching peak levels. Current market…

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