PIPPIN (PIPPIN) has experienced a sharp decline, plummeting 20.1% over the past 24 hours to trade at $0.580478 as of 12:06 UTC on February 17, 2026. The dramatic sell-off has wiped $143.75 million from the token’s market capitalization, which now stands at $582.68 million.
The cryptocurrency, currently ranked #90 by market cap, hit a 24-hour low of $0.579096 after reaching a high of $0.743043 earlier in the trading period. The token has fallen 23.3% from its all-time high of $0.759327, which was recorded just two days ago on February 15, 2026.
Trading Volume Surges Amid Sell-Off
Trading activity has intensified during the decline, with 24-hour volume reaching $51.36 million. The selling pressure accelerated in the most recent hour, with PIPPIN dropping an additional 5.4% as market participants rushed to exit positions.
Despite the recent downturn, PIPPIN maintains significant gains over longer timeframes. The token has surged 61.4% over the past week and an impressive 77.5% over the past 30 days, suggesting the current decline may represent profit-taking following a strong rally.
Market Cap Impact
The market capitalization decline of nearly 20% mirrors the price movement, with PIPPIN’s total market value falling from approximately $726.4 million to $582.68 million. With a circulating supply of 999.94 million tokens out of a maximum supply of 1 billion, the token maintains near-full circulation.
Technical Perspective
From a technical standpoint, PIPPIN has retraced from its all-time high set 48 hours ago, potentially establishing new support levels. The token’s remarkable recovery from its all-time low of $0.0055459 in December 2024 represents a gain of over 10,400%, though recent holders face significant unrealized losses.
The cryptocurrency market’s inherent volatility is on full display with PIPPIN’s price action, as the token transitions from strong upward momentum to rapid correction. Traders should monitor key support levels around the current price point of $0.58 for signs of stabilization or further decline.
As of this publication, PIPPIN ranks 90th among all cryptocurrencies by market capitalization, with its fully diluted valuation matching its current market cap at $582.68 million.
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About the Author: Ananya Melhotra
