PIPPIN Coin Plunges Again, After a Brief Recovery: Here's Why

Six months ago, PIPPIN touched Rp15,989 per token on February 26, 2026. Today, PIPPIN's price is only hovering around Rp300, a 98% plunge from that peak.

After briefly crawling up in early August, this AI-meme token on Solana has weakened again, raising the same question that often surrounds tokens like this: what is actually causing the PIPPIN crypto price to remain so unstable?

Key Takeaways:

• PIPPIN Coin's price is around Rp300, down 98% from its all-time high of Rp15,989 in February 2026.
• Bubblemaps data shows 80% of PIPPIN's supply is held by interconnected insider wallets, making it vulnerable to sudden sell pressure.
• PIPPIN's supply is almost 100% in circulation (999.99 million out of a maximum of 1 billion tokens), so there is no longer a scarcity factor to boost the price.

What Is PIPPIN Coin? From a ChatGPT Experiment to a Crypto Token

PIPPIN was born from a simple experiment. Yohei Nakajima, a well-known figure in the AI and venture capital world, casually asked ChatGPT to create an SVG image of a unicorn and then asked for its name. ChatGPT answered "Pippin," and that's where the story began.

Without Nakajima's knowledge, that unicorn image sparked the birth of a meme token community on Solana. He even had to create his first Solana wallet to buy the token that was already circulating in the market, according to CoinGecko.

Nakajima himself is no stranger to the AI industry — he is the creator of BabyAGI, one of the most influential open-source AI agents since March 2023, and is followed by figures like Jeff Bezos and Marc Andreessen.

From there, PIPPIN evolved into more than just a meme. The project now has its own AI agent framework, with the PIPPIN token serving as a community connector and development funding mechanism.

If you are interested in exploring AI-agent-based tokens like this, you can start via  Bittime, a local crypto exchange supervised by OJK.

Latest PIPPIN Price Data Today

As of the latest data pull, today's PIPPIN Coin price is in the range of Rp300–301 (equivalent to $0.0169), down 2.08–2.26% in the last 24 hours. Its market capitalization is recorded at around Rp301 billion, placing PIPPIN at rank #685 on CoinMarketCap and #859 on CoinGecko — a ranking difference that is common due to different data aggregation methodologies between platforms.

24-hour trading volume actually increased by 24%, reaching around Rp73.4 billion. The volume-to-market-cap ratio of 24% indicates that trading activity is still quite active despite the price being under pressure.

Looking at daily movement, PIPPIN jumped from around Rp290 to Rp360 in early August, before slowly eroding back to the current Rp300 level. This pattern of rapid ups and downs is common for meme and AI-agent tokens whose liquidity is still thin relative to their trading volume.

Also Read: Nvidia's $500 Billion AI Funding, AI Crypto Tokens Also Benefiting?

Why Is PIPPIN Plunging Again? Here Are the Reasons

There are three main factors that make PIPPIN's price prone to plunging again even after a brief recovery.

First, extreme ownership concentration. On-chain data from Bubblemaps, cited by CoinGecko, shows that 80% of PIPPIN's supply is held by interconnected insider wallets. This condition makes the price highly vulnerable to coordinated selling by a few parties, rather than reflecting broader market sentiment.

Second, PIPPIN's supply is almost 100% in circulation — 999.99 million out of a maximum of 1 billion tokens. The market cap-to-fully diluted valuation (FDV) ratio has already reached 1, meaning there are no more "held back" tokens that could create a scarcity narrative to boost the price going forward.

Third, CertiK's security score is only 3.6 — considered low for institutional investor confidence. Coupled with the project's lack of an official whitepaper and a clear token use case, it's understandable that PIPPIN is more susceptible to short-term sentiment than tokens with more mature fundamentals.

Also Read: 10 Free Bitcoin Mining and Faucet Sites in 2026: Which Ones Are Legit?

Conclusion

PIPPIN Coin is a classic example of an AI-meme token: it went viral quickly thanks to an interesting origin story and a big-name backer, but its fundamentals are fragile for sustaining long-term price. The 98% drop from its ATH and 80% ownership concentration in insider hands are two risk signals that anyone considering this token cannot ignore.

If you are still interested in trading volatile tokens like PIPPIN, make sure to do your own research first and adjust your investment allocation according to your risk profile.

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FAQ

What is PIPPIN Coin? 

PIPPIN is an AI-meme token on Solana that originated from an SVG unicorn image created by ChatGPT, built by the community around the figure Yohei Nakajima, the creator of BabyAGI.

Why does the price of PIPPIN keep dropping? 

The main reasons are 80% ownership concentration in insider wallets, an almost fully diluted supply, and a low CertiK security score.

What is the price of PIPPIN today? 

Today's PIPPIN Coin price is around Rp300–301 per token, down about 2% in the last 24 hours.

Is PIPPIN a safe investment? 

PIPPIN is considered a high-risk asset due to insider ownership concentration and a low CertiK security score, making it suitable only for traders with a high-risk tolerance.

Where can I buy PIPPIN Coin? 

PIPPIN is traded on several exchanges such as HTX, Gate, MEXC, and LBank, as well as on the DEX Raydium on the Solana network.