alfant
322 posts


my $PIPPIN thoughts
Spot flow is the only real driver here.
As the entity now controls ~83–85% of supply. At ~$415M mcap it leaves roughly $85M of free float that can realistically hit spot.
Usually ~5–8% of supply is burned, dead, or in mm pools, so they’re likely pricing in only ~5–7% actually getting sold. At current prices, that’s ~$25–35M is what needed to hold up the price - basically small relative to their trade size.
Especially when they’re farming ~0.8% funding per hour for longs and squeezing shorts as long as price stays bid.
As a bunch of you are trying to short, shorting becomes interesting if we see a giga liquidation wick or when that same 5–7% float is worth close to 9 figures — roughly $1.5B–$2.5B mcap. Anything below that is risky for me.
Top could be way sooner, but that’s a pure degen bet.
*don't trade these with size, always assume price can still send another 10x above your short entry*

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Update: The same fresh entity of wallets now controls 73% of the $PIPPIN supply (≈$155M), after continued withdrawals from #Gate and #Bitget.
4QyhPZrdsL6tbjZVkWqAxF6c9NxSVzFXG4KG9sRMhdiP
8NDaHn1YrToEB2SLaEhftWFeCUa2ZFpKcx8JQEScX5F9
I found this using @arkham data.

alfant@ALfant_
An fresh entity of 40 wallets now holds 566.002M of $PIPPIN tokens (≈ $36M at current prices), withdrawing from both #Gate and #Bitget
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@justinsuntron apparently the binance deposit wallet that been receiving $WLFI from HTX, has been linked previously to your public wallet

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We're introducing the 2nd batch of Vote to Delist.
Head to Binance Square Official to participate and vote on projects with the Monitoring Tag that you believe should be delisted.
Your voice helps shape our ecosystem, though final decisions follow official review.
Get involved today 👉 binance.com/en/square/post…

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Lookonchain@lookonchain
A wallet related to vitalik.eth(@VitalikButerin) sold 190 $ETH for 441,971 $USDC again 20 minutes ago! The wallet received 3,800 $ETH($9.8M) from #Vitalik and has sold 950 $ETH($2.28M) at an average price of $2,396 since Aug 30. #tokentxns" target="_blank" rel="nofollow noopener">etherscan.io/address/0xfeb0…
QME

So many people have unfollowed me the past few days for my steadfast, unwavering, relentless $ETH bullposting
It’s insane how angry people get at me for simply believing in something
Only reason I post here is because all I think about every single day is Ethereum. Nothing else. Idgaf about anything but this
This account is just my outlet for those thoughts
Hell with likes & follows. I do this for my pure LOVE of the game
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