Data: The price of the Meme coin PIPPIN on the Solana chain has plummeted by 35%

According to GMGN monitoring, under the overall recovery of the Solana chain ecosystem, the meme coin PIPPIN has experienced a significant counter-trend correction in price.

The token started rising from about $0.35 on the 2nd of this month and rapidly fell back after reaching a high of $0.53 yesterday, with a drop of 35%. As of the time of writing, its price has fallen to $0.34, having given back all gains made this month, with a current market capitalization of approximately $340 million.

ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, and lacks actual value or use cases. Investors should be aware of the risks.