Solana-based Meme Coin PIPPIN Rebounds 66% from Bottom, Market Cap Reaches $400 Million

BlockBeats News, January 9th, according to GMGN monitoring, the on-chain Meme coin PIPPIN's market cap has rebounded to a $4 billion level, with the current price around $0.41. Previously, between January 5th and 8th, the token's price experienced a continuous decline, reaching a low of $0.235. It has since rebounded by about 66% from the low point, with a nearly 48% increase in the past 24 hours.

BlockBeats reminds users that Meme coin trading is highly volatile, mostly driven by market sentiment and meme hype, lacking actual value or use case. Investors should be aware of the risks.