Pippin (PIPPIN) is experiencing a significant market correction, with the token’s price plummeting 21.2% over the past 24 hours to trade at $0.507952 as of February 18, 2026.
The sharp decline has erased approximately $139 million in market capitalization, bringing Pippin’s total market cap down to $508.3 million. The token now ranks #97 among cryptocurrencies by market capitalization.
Volatile Trading Session
The 24-hour trading period saw extreme volatility, with Pippin reaching an intraday high of $0.660211 before falling to a low of $0.48841. The token is currently trading closer to its daily low, indicating sustained selling pressure throughout the session.
Trading volume surged to $72.6 million during the downturn, suggesting significant market activity as traders react to the price movement. The elevated volume represents approximately 14% of Pippin’s total market capitalization, indicating heightened investor interest during the correction.
Recent Price Action Context
The current decline comes just three days after Pippin reached its all-time high of $0.759327 on February 15, 2026. The token is now trading approximately 33% below that peak, marking a rapid reversal from recent gains.
Despite the sharp 24-hour decline, Pippin maintains strong performance over longer timeframes. The token remains up 30.8% over the past week and has gained an impressive 53.9% over the past 30 days, suggesting the current correction may be a pullback within a broader uptrend.
Market Metrics
With a circulating supply of nearly 1 billion tokens (999.9 million) and a maximum supply capped at 1 billion, Pippin is approaching full token distribution. The fully diluted valuation currently stands at approximately $508 million, nearly identical to the current market cap.
Short-term price action shows continued weakness, with Pippin declining 0.72% in the past hour alone, indicating that selling pressure remains active.
Trader Implications
The rapid correction from all-time highs suggests profit-taking activity from early investors who capitalized on the recent rally. Traders should monitor key support levels around the $0.488 mark, which served as today’s intraday low.
The combination of high trading volume and sharp price decline typically indicates a period of price discovery as the market seeks to establish new equilibrium levels following the recent parabolic move.
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About the Author: Ananya Melhotra
