Pippin token has exhibited unusual trading patterns, with certain wallets accumulating large amounts and refusing to sell, according to on-chain data. This strategy has driven up prices, attracting short sellers who are subsequently liquidated in a leverage-induced 'death spiral.' A wallet starting with 6BDZWk purchased approximately $200,000 worth of Pippin six days ago, selling after the price doubled. The wallet is now reportedly engaging in similar activities with ARC. Pippin is currently priced at $0.1775, marking a 58.34% increase over the past 24 hours.