PIPPIN (PIPPIN) has experienced a sharp rally on February 23, 2026, with the token price surging 27.2% over the past 24 hours to reach $0.621567. The dramatic price movement comes amid elevated trading activity, with volume hitting $57.4 million.
The token’s market capitalization has expanded by $133.2 million in 24 hours, a 27.3% increase that pushes PIPPIN’s total market cap to $622 million. This valuation positions PIPPIN at rank #88 among all cryptocurrencies by market capitalization.
Price Action and Trading Range
PIPPIN reached an intraday high of $0.637744 before pulling back slightly to current levels. The 24-hour low was recorded at $0.486294, representing a significant trading range of approximately 31%. The token has retraced approximately 0.5% in the past hour, suggesting some profit-taking after the sharp rally.
Despite today’s gains, PIPPIN remains 18% below its all-time high of $0.759327, which was established on February 15, 2026, just eight days ago. However, the token has shown remarkable longer-term performance, posting a 30-day gain of 65.3%.
Supply and Circulation Metrics
PIPPIN has approximately 999.9 million tokens in circulation out of a maximum supply of 1 billion tokens, meaning nearly 100% of the total supply is already in circulation. The fully diluted valuation stands at $622 million, essentially matching the current market cap due to the minimal remaining supply.
Market Context
The token has demonstrated extreme volatility since its launch, trading as low as $0.0055459 on December 30, 2024. From that all-time low, PIPPIN has appreciated over 11,000%, though recent week-over-week data shows a decline of 11.9%, indicating significant short-term price swings.
The substantial trading volume of $57.4 million represents approximately 9.2% of the token’s total market capitalization, suggesting strong trader interest and liquidity during today’s price movement.
Traders should note the high volatility characteristics of this asset, with price movements exceeding 30% within single 24-hour periods. The current rally comes after a weekly decline, suggesting potential trend reversal or short-term bounce dynamics at play.
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About the Author: Ananya Melhotra
