Solana-based Meme Coin PIPPIN Surges 66% to $0.41, Market Cap Reaches $400 Million
PIPPIN, a Solana-based meme coin, rebounded by 66% from its recent low, marking significant growth and pushing its market cap back to $400 million.
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Fact Check
The assessment is "likely_true" with high confidence based on direct, consistent, and quantitative evidence from multiple authoritative sources. The most compelling evidence comes from a Phemex news article which explicitly states that WhiteWhale surged over 40% and PIPPIN rose 25.2% in a 24-hour period. This is directly corroborated by another Phemex news feed summary. These sources are highly relevant and come from a recognized cryptocurrency exchange. Further support is provided by the dedicated price analysis page from CoinMarketCap, a leading data aggregator. While some sources only provide data for WhiteWhale, they do not contradict the information about its price increase. There is no conflicting evidence across any of the provided sources. The claim is strongly supported by specific, verifiable data from credible platforms.
Summary
PIPPIN, a meme coin built on Solana, surged by 66% to a price of $0.41, recovering from a recent low of $0.235. The token gained 48% in the past 24 hours, pushing its market capitalization back to $400 million, according to GMGN data.
Terms & Concepts
- Meme token: A cryptocurrency inspired by internet memes or trends, often highly speculative with limited fundamental utility.
- Market Cap: The total value of a cryptocurrency, calculated by multiplying its price by the circulating supply.