First Coin

Pippin (PIPPIN) jumps 20% as tariff news hits broader crypto market

What happened today

Recent tariff moves stirred by the United States president have created worry in financial markets. In the world of digital money, the news did not help the overall cryptocurrency market. Big coins like Bitcoin (BTC) and Ethereum (ETH) showed losses for the day. Prices generally moved lower as traders reacted to the headlines.

But not every coin followed the same path. One meme coin called PIPPIN managed to rise by a double-digit percentage in the same time period. A meme coin is a kind of cryptocurrency that often gets attention because of funny pictures or online jokes rather than strong technical use cases. It can be very volatile and move a lot very quickly.

Currently, PIPPIN has been the talk of the market again. Earlier in the month, it reached an all-time high near $0.76 on February 15. After a sharp pullback, the coin has recently moved higher again. In the most recent 24 hours, PIPPIN jumped about 20% and briefly rose above $0.72 before settling around $0.71, according to CoinGecko data. Its market cap, the total value of all coins in existence, climbed above $700 million. That lifted PIPPIN back into the top 100 cryptocurrencies by market size and it sits as the 81st-largest coin overall. Within the meme-coin niche, it ranks seventh.

To give you the numbers: PIPPIN is up by roughly one-fifth in the latest 24-hour period, and its price behavior has drawn attention from traders who look for quick moves rather than long-term investment stories.

What market observers are saying

Some traders think the price could move even more in the near term. An X account named Blockchainedbb wrote that the asset might see more volatility in the next weeks, but they also predicted a possible rise to as high as $1.20. They described the area around $0.50 as a great buying opportunity, meaning it could be a good price to buy because they expect the price to go up later.

Another X user, Satori, shared their view too. They said PIPPIN has become one of their “best plays lately.” In simple words, they think it has been a successful choice for them, especially as investors move money away from very large coins like Bitcoin and look for other opportunities.

A third analyst, Sjuul | AltCryptoGems, also joined the discussion. They argued that the old resistance level at $0.50 – a price that previously kept the coin from rising further – has now become support. When a price level acts as support, it means buyers tend to step in at that price, helping to hold or push the price higher. They expect PIPPIN to push back into its all-time-high area again.

What the skeptics are saying

Not everyone is convinced this rally will last. Crypto GVR warned that PIPPIN could fall below $0.10 in the future. That kind of price drop would be dramatic for a coin that recently traded around $0.70. Other X users, named va00sa and Shual, warned that insiders might control a large portion of PIPPIN’s supply. If a small group holds most of the coins, they could push the price up or down as they choose, which can make the market less fair for regular buyers and sellers.

Is this rally sustainable?

People who trade cryptocurrencies try to predict whether a price move will last. Meme coins are especially famous for being very volatile. They often rise and fall due to hype and social media attention rather than strong business use or long-term plans. This makes them risky for people who want steady gains or stable value.

One common tool that traders use is the Relative Strength Index, or RSI. The RSI is a technical indicator that helps traders gauge how quickly prices have moved recently. It is expressed as a number between 0 and 100. When the RSI goes above 70, it can mean the price has risen a lot in a short time and might be due for a pause or pullback. When the RSI drops below 30, it can signal the price is rising from a low level and could go higher. Right now, PIPPIN’s RSI is around 85, which is high. This suggests the market may be overextended and could pull back soon, though it could also stay strong for longer in a hype-driven market.

To understand these ideas better, RSI is a way for traders to see when a price move might reverse. If a stock or coin has a very high RSI, some traders may decide it is risky to buy now because the price could fall. If the RSI is low, some traders may see it as a sign to buy, hoping for a rebound. In PIPPIN’s case, the current RSI around 85 means the market has surged quickly, and a correction is possible in the near term.

What this means for traders and buyers

For people thinking about trading PIPPIN, here are a few practical ideas. First, remember that meme coins often react strongly to news and social media trends. A big piece of news, even if not directly related to the coin, can push its price higher or lower quickly. Second, because price swings can be large, it may be wise to think in terms of risk. Only invest money you can afford to lose. Third, pay attention to the market’s overall mood. If the broader market is weak because of tariff talks, a small coin might still rise if investors suddenly shift toward speculative trades, but the risk is high that the move could reverse fast.

Experts also remind us to stay cautious about price predictions. While some analysts share optimistic forecasts like $1.20, others warn about potential sharp falls. Price targets on coins that rise quickly often come with a lot of uncertainty. This means there is a real chance of quickly losing money if the market turns around.

A quick primer on some terms you might hear

The article mentions several ideas that may be new to some readers. Here is a simple guide to help you understand these concepts. If you want more detail, you can look up the linked pages on Wikipedia or ask for a simple explanation here.

Bottom line

In short, while the broader crypto market faced pressure from tariff-related news, PIPPIN stood out by rising sharply. It moved up about 20% in a single day, regaining some of its earlier gains and climbing back into the top 100 by market cap. Market watchers are divided: some see potential for further gains, while others warn that the rally could fade quickly if the hype slows or if insiders influence supply too much. The current high RSI suggests caution, as a near-term pullback could be on the horizon.

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