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Solana-based Meme coin PIPPIN's price plunges 35%, erasing all gains for the month
On January 6th, according to GMGN monitoring, against the backdrop of the overall recovery of the Solana on-chain ecosystem, the Meme coin PIPPIN experienced a sharp countertrend correction. The token started rising from approximately $0.35 on the 2nd of this month, reached a high of $0.53 yesterday, then rapidly fell back, with a decline of 35%. As of press time, its price has dropped to $0.34, erasing all of this month’s gains, with a current market capitalization of about $340 million. BlockBeats reminds users that Meme coin trading is highly volatile, often relying on market sentiment and hype, with no real value or use case, so investors should be cautious of risks.