Gate News Bot Message, January 28th, according to CoinMarketCap data, as of press time, PIPPIN (pippin) is currently priced at $0.47, up 56.58% in the past 24 hours, with a high of $0.48 and a low of $0.29. The 24-hour trading volume reached $84.2 million. The current market capitalization is approximately $473 million, an increase of $171 million compared to yesterday.
PIPPIN is a project called Wobbly Worlds, dedicated to creating a world full of gentle miracles, where friendly words bloom like flowers and invisible connections are established. The project is developed based on the BabyAGI technology framework, combining the charm of Pippin unicorns with community ideas, encouraging every small act of kindness to make the two worlds sway more gently together.
1️⃣ Crypto Market Makers Continue Building Positions to Boost Market Sentiment
Well-known crypto market maker Wintermute’s related address purchased approximately $200,000 worth of PIPPIN again on January 23rd. The cumulative buy-in by this market maker address in the past hour has reached $200,000. The continuous accumulation behavior by market makers indicates a positive outlook from institutional levels on PIPPIN. Their large purchases typically improve market liquidity and boost investor confidence, serving as a key support for the recent price increase.
2️⃣ AI Agent Popularity Drives Sector-Wide Gains
As an AI Agent-related asset developed based on the BabyAGI technology framework, PIPPIN benefits from the ongoing increase in market attention to this field. The hot rotation of the AI Agent concept provides a good investment sentiment foundation for the entire sector, allowing PIPPIN to attract broader market participation and capital inflow.
3️⃣ Multi-Asset Configuration by Market Makers Demonstrates Asset Value Recognition
The holdings structure of Wintermute’s related address includes several popular tokens such as TRUMP, USD1, and MET. This indicates that professional market makers are forming a portfolio with PIPPIN and other high-quality assets, reflecting institutional recognition of PIPPIN’s fundamental value. It also shows that this token has gained the attention of mainstream market makers.
This message is not investment advice. Please be aware of market volatility risks.
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