Pippin (PIPPIN), the AI-agent memecoin built on Solana, has been one of the more resilient altcoins lately — showing bullish structure on the weekly chart even as broader markets wobbled. The token posted strong gains in November and December even while Bitcoin slipped from just under $100k to as low as $80.6k, underlining PIPPIN’s relative strength versus BTC and large-cap alts.
On February 8, PIPPIN surged roughly 50.4% on heavy volume, kicking off from an early-December support around $0.157. That sharp rally followed a period when on-chain indicators suggested big holders were taking profits: an AMBCrypto report noted “smart money” was offloading PIPPIN, and that selling pressure produced a correction — though not enough to flip the trend bearish.
Glassnode data point to continuing demand beneath the price action. New address growth has been robust since November and kept pace even during the recent pullback, signaling steady on-chain activity and fresh user inflows. Meanwhile, Coin Days Destroyed — a metric that flags when long-dormant tokens move — has remained mostly muted since December, with only small spikes in late January. That pattern implies some profit-taking but no broad liquidation by long-term holders that would suggest an imminent trend reversal.
MVRV pricing bands also tell a familiar story: PIPPIN entered overheated territory toward the end of 2025, prompting a corrective move back toward the realized price. As of writing, the current upswing appears to have room to run, but key levels merit watching. Strong support sits near $0.133 and $0.107 — breaks below those could deepen the correction — while upside extensions past the MVRV upper bands at $0.32 and $0.48 would signal renewed overheating.
Sources: AMBCrypto, Glassnode.
Disclaimer: This content is informational only and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions. © 2026 AMBCrypto
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