Solana (CRYPTO: SOL)-based memecoin Pippin (PIPPIN), after defying bear market conditions, has crashed dramatically this week.
This Analyst Saw PIPPIN’s Decline Coming
PIPPIN has plunged over 25% in the past day and 67% over the week. The decline wiped out nearly $290 million from the token’s market capitalization, knocking it out of the top ten memecoins list.
Widely followed cryptocurrency analyst and trader Ali Martinez sarcastically pointed to their late February prediction about the memecoin’s sell-off, stating, “I wish someone had predicted this.”