PIPPIN (PIPPIN) has experienced a sharp 20.1% decline in the past 24 hours, plummeting to $0.684 as of 10:22 AM UTC on February 27, 2026. The cryptocurrency’s market capitalization has contracted by $165.4 million to $682.2 million, dropping its rank to #88 among digital assets.
Dramatic Reversal After All-Time High
The sell-off comes just one day after PIPPIN reached its all-time high of $0.897 on February 26, 2026, at 3:35 PM UTC. The token has now retreated 23.4% from that peak, with the 24-hour low touching $0.674.
Trading volume surged to $73.1 million over the past day, indicating significant liquidation activity as holders rushed to exit positions. The token showed continued weakness in the past hour, declining an additional 0.23%.
Market Capitalization Impact
PIPPIN’s market capitalization fell 19.5% in 24 hours, dropping from approximately $847.6 million to $682.2 million. With 999.9 million tokens in circulation out of a maximum supply of 1 billion, the token maintains nearly full circulation.
The fully diluted valuation currently stands at $682.2 million, closely aligned with the market cap due to the high circulating supply ratio.
Recent Performance Context
Despite the sharp 24-hour decline, PIPPIN has maintained strong performance over longer timeframes. The token is up 38.7% over the past seven days and has gained 34% over the past 30 days, suggesting the recent rally may have been overextended.
From its all-time low of $0.0055 recorded on December 30, 2024, PIPPIN remains up an extraordinary 12,293%, highlighting the token’s volatile price history.
What This Means for Traders
The rapid reversal from all-time highs typically signals profit-taking by early investors or a breakdown in bullish momentum. The 20% single-day decline meets the technical definition of a crash in cryptocurrency markets.
Traders should monitor the $0.674 level, which served as today’s low and may act as near-term support. A break below this level could accelerate selling pressure, while a bounce might indicate bargain hunters entering the market.
The elevated trading volume of $73.1 million suggests this is a significant market event rather than low-liquidity price action, making the move more meaningful for technical analysis.
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About the Author: Ananya Melhotra
