$PIPPIN Based on on-chain analysis and public data, PIPPIN's whale holdings are highly concentrated, and there are clear links between these addresses, strongly suggesting that the same entity (or insiders/project team) is controlling the market through position splitting.
🔍 Core Evidence: Collaborative Features of Related Wallets
1. Concentrated holdings and address connections
◦ Monitoring by blockchain analysis platform Bubblemaps shows that 50 related wallets were created in a short period, exhibiting obvious coordination:
◦ Funds all originate from HTX Exchange, with similar amounts of