Trader Turns $1 Million Loss Into $2.5 Million Gain As Pippin Meme Coin Explodes

A
crypto
trader
who
bought
a
new
meme
coin
by
the
name
of
Pippin
(PIPPIN)
was
able
to
turn
a
$1
million
loss
into
a
$2.5
million
unrealized
profit.

On-chain
analytics
platform
Lookonchain
said
in
a
Jan.
10
X


post

that
the
trader
initially
made
a
loss
when
the
meme
coin
plunged
90%.
However,
the
trader
opted
to
keep
his
holdings
in
the
crypto
instead
of
panic
selling,
which
paid
off
in
the
end.

Diamond-Hand
Trader
Benefits
From
Pippin
Surge

The
trader
bought
PIPPIN
around
2
months
ago,
according
to
Lookonchain,
and
spent
5,441
SOL,
valued
at
approximately
$1.15
million
at
the
time,
to
purchase
20.46
million
PIPPIN
coins.
Since
the
steep
correction,
the


meme
coin

has
entered
into
a
rally
as
traders
rushed
to
buy
the
crypto.

Lookonchain
noted
that
the
meme
coin’s
market
cap
broke
through
the
$180
million
mark.
As
a
result,
the
trader’s
PIPPIN
holdings
are
now
valued
at
around
$3.68
million,
and
the
trader
has
achieved
an
unrealized
gain
of
more
than
$2.5
million.
The
trader
has
also
not
sold
any
of
the
PIPPIN
holdings
so
far.

PIPPIN
Continues
Impressive
Performance
Despite
Investor
Sentiment
Taking
A
Knock

Data
from
CoinGecko


shows

that
PIPPIN
continued
to
surge
in
the
last
24
hours
with
an
impressive
218%
gain.
This
comes
as
crypto
investor
sentiment
dropped
to
its
lowest
level
since
October,
according
to
the
Crypto
Fear
and
Greed
Index.

The
Index
saw
a
19-point
drop
in
the
last
24
hours
after
leading
crypto


Bitcoin

(BTC)
plunged
below
the
$92K
mark
amid
growing
concerns
over
the
outlook
for
interest
rates
in
the
US.

Adding
to
investor
concerns,
the
US
Government
also
received
the
greenlight
to
sell
the
$6.5
billion
worth
of
Bitcoin
it
seized
from
Silk
Road.

????
UPDATE:
The
Crypto
Fear
&
Greed
Index
has
fallen
to
50/100,
hitting
its
lowest
level
since
Oct.
14.

????

#Bitcoin
dips
under
$92K—
are
we
on
the
edge
of
a
bigger
shift
or
just
a
market
cooldown?
????#BTC

#Crypto

pic.twitter.com/xuEFH9Mpha

—
Blockchain
Basics
(@0xBasics)

January
10,
2025

With
the
24-hour
gain,
PIPPIN’s
price
is
now
up
more
than
1,656%
over
the
past
month
to
trade
at
$0.2259
as
of
2:46
a.m.
EST. 

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