• PIPPIN jumps 25% in 24 hours, fueled by AI-themed token momentum.
• Holder numbers decline, suggesting profit-taking and potential weakening of the rally.
• Leverage and market indecision signal possible caution despite bullish price trends.

Pippin — PIPPIN, has started the year with a bang, surging more than 25 percent in just 24 hours. The memecoin now ranks as the second-best performer among the top 100 coins by market capitalization. Traders are flocking to AI-themed tokens like PIPPIN, Virtuals Protocol, Render Network, and Bittensor. The excitement is palpable, but some metrics suggest the rally might face headwinds despite the impressive gains.

"oh shit, here we go again" vibes on $PIPPIN

Usually when a scam coin tops, all bids disappear and it crashes hard in a few hours or days.

So conversely if it doesn't collapse, then it likely means it's not topped yet.

I've been longing PIPPIN again very quickly after its Dec… https://t.co/Lw1jBGe6Et pic.twitter.com/m5lXwvAZIY

— VIKTOR (@thedefivillain) January 4, 2026

Uptrend Strength and Momentum Indicators

Charts indicate that PIPPIN has respected an ascending trendline since late November. The current rally has been in place for over a month, giving bulls a strong footing. On Balance Volume sits at $42 billion and climbing, signaling continued capital inflow. Meanwhile, the RSI reading of 72 shows bulls dominating the trend, although the high level hints a potential pop could occur. Historical data suggests that such readings do not always guarantee a correction. Analysts note that PIPPIN could gain an additional 61 percent if the price sustains above the support line.

This increase would allow the memecoin to reclaim its December peak of $0.7592. Traders are closely watching whether buying pressure can maintain momentum while holding above the key trendline. The excitement surrounding AI-themed meme coins reflects a shift in investor focus. Altcoin sectors outside of AI appear less favored, with attention and liquidity flowing into tokens like PIPPIN. This trend has fueled the current rally and helped push price action higher.

Signs the Rally Could Face Pressure

Despite bullish signals, some indicators suggest caution. Data from CoinGlass shows traders are leveraging positions on Binance Futures, with the highest at 20X and the lowest at 5X. Long liquidation currently sits at $3.81 million, while short positions total $3.07 million. The minimal difference indicates market indecision.

Additionally, the Long/Short Ratio of 0.81 shows more trades were sold than bought. Profit-taking may be contributing to the decline in holders over the past week. Over 200 holders sold their tokens despite price gains since the start of the year. This reduction in holder numbers suggests some participants may be exiting, potentially weakening the rally.

While bulls remain in control, these signs hint that PIPPIN’s rally could face obstacles. Confirmation will depend on how price interacts with the support structure and whether buyers can continue pushing momentum forward. Traders should watch closely for key levels to either maintain gains or signal a potential pullback.

The current surge highlights the memecoin’s strong performance, yet caution is warranted. Momentum can shift quickly in highly leveraged markets. Monitoring technical indicators alongside holder activity may help traders anticipate changes. PIPPIN’s 25 percent jump demonstrates resilience, but the declining number of holders suggests that the rally might not be sustainable without further support.