$PIPPIN
The price will likely continue to decline in the short term, but the major players are still active.
Over 90% of the tokens are still held in on-chain wallets, with no signs of distribution, and accumulation continues.
Currently, the major players have no position at the current price level.
They only hold a position of 0.03-0.1, so there's no urgency to push the price up. They can still earn funding fees with their current position. The current level is not a bottom, and it's time to clear long positions. 0.3 is not the bottom.