According to Bubblemaps analysis, insiders now control 80% of the PIPPIN supply, currently valued at $380 million. Recently, 16 new wallets have followed a similar pattern, obtaining similar SOL balances from HTX within similar time windows and then withdrawing large amounts of PIPPIN from CEX; one cluster, consisting of 11 wallets, controls 9% of the PIPPIN supply. PIPPIN has recently bucked the trend and surged, approaching $500 million.
Bubblemaps: Insiders now control 80% of the PIPPIN supply, worth approximately $380 million.
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