The price of pippin is nearing a record high, but outflows of funds are starting to increase.

PIPPIN has surged in recent trading sessions, bringing renewed market interest in the Token . The latest price increase has pushed the Token price close to its all-time high, raising expectations of a new record in the near future.

However, as the upward trend continues, concerns about profit-taking and short-term selling pressure are also beginning to increase.

Pippin the shark could change the outcome.

on-chain data shows increasing caution from retail investors. The Chaikin Money Flow indicator has fallen below 0 and entered negative territory. This suggests that PIPPIN outflows are beginning to outweigh inflows, reflecting the early stages of distribution rather than accumulation.

The increased withdrawal of Token is believed to be due to many investors taking profits after the recent price surge. As prices approach record highs, many traders typically reduce their Token holdings to manage risk. This action can cause the upward momentum to stall, even during a period when the market is still booming.

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Although retail investors are showing caution, the trading activity of whales continues to show a positive trend. Specifically, wallets holding more than $1 million worth of PIPPIN have increased their Token holdings by 3.57% in the past 24 hours. The total amount of PIPPIN Token controlled by whales is now approximately 425.34 million Token.

These large investors often have a significant influence on short-term price fluctuations due to their substantial cash flow. The continued buying by these large investors shows they still believe in PIPPIN's potential for price appreciation. This action could help balance selling pressure from retail investors, supporting price stability during periods of volatility.

The price of PIPPIN continues to rise.

PIPPIN is currently trading around $0.497 at the time of writing, up 38% from 24 hours ago. The Token is less than 7% away from reaching its all-time high of $0.530. The upward momentum remains strong, thanks to steady buying from large investors.

If PIPPIN successfully breaks above $0.530, many investors will likely continue to pour money in for short-term trading. If the price successfully surpasses the peak, PIPPIN could head towards the $0.600 region. With high volume remaining above this resistance level, the price could continue to explore new highs.

Risk remains if selling pressure continues to increase rapidly. If PIPPIN fails to hold its current price, it could fall below the crucial support level of $0.434. A deeper correction to the $0.366 region would invalidate the uptrend, and the market would likely revert to a consolidation phase instead of extending its current upward momentum.