$PIPPIN DISTRIBUTION PHASE?
Added 150,000 into the void.
But something feels off.
Whales have been holding for days…
Now on-chain flow shows gradual sell pressure.
Hundreds of millions still sitting in inventory.
In the perp market, long OI is cooling.
Looks like positions are being trimmed into strength.
Big pull = liquidity event?
If they behave, maybe one more squeeze.
If support cracks… downside accelerates fast.
This smells like distribution, not accumulation.
High risk zone.
Volatility incoming.
Trade smart. Manage size.
DYOR.
#PIPPIN #crypto #perp #volatility