The "cutting leeks" dark side of the meme coin PIPPIN on the Solana chain has been exposed! Behind the market value of $380 million, it turns out to be a shocking scam controlled by traders!
80% of the tokens are monopolized internally, and the simultaneous sell-off by 16 "zombie wallets" triggered a 30% flash crash! The traces of trader manipulation are obvious, with precise timing of fund flows completely in line with the classic "pump-dump" routine. The low gas fee environment of the Solana chain has become a breeding ground for traders to manipulate the market at low cost.
A bloody lesson: When a certain meme coin suddenly becomes popular, first check the holding distribution on Bubblemaps! Remember this case on December 16, 2023 — those who bought at $0.37 now regret it deeply!
Follow @南安娜 to help you avoid 90% of retail traps and join Anna's altcoin! I am always lurking for coins with 10x returns every day!
If you have any questions, you can find me in the altcoin community!