A trader turned $180,000 into $3.6 million using the PIPPIN token in two months.
Date: 2025-12-17 Author: Henry Casey Categories: CRYPTO PAYMENTS
The cryptocurrency market has seen another example of rapid capital growth thanks to memecoins. One trader managed to earn approximately $3.6 million in less than two months by betting on the PIPPIN token. According to data from the analytics platform Lookonchain, the investor's initial investment was $180,000, which he used to purchase 8.16 million tokens on October 24.
At the time of publication, the value of this position was already estimated at $3.6 million, representing a nearly twenty-fold increase over the initial deposit. This result was achieved in a relatively short period of time – approximately two months after the purchase. This dynamic has attracted the attention of both analysts and members of the crypto community. The sharp rise in PIPPIN's price has sparked heated discussions on X. Some users have expressed doubts about the transparency of the process and suggested that the trader's wallet may be connected to the project team. Critics believe it's possible that a significant portion of the token's supply was previously concentrated in the hands of a select few.
One popular comment claimed that the entity controlling the wallet allegedly purchased up to 80% of the PIPPIN supply and may have then used manipulative mechanisms to drive up the price. Such accusations often accompany rapidly rising memecoins, especially when the growth is not supported by fundamental factors.
Despite this, the token continues to be actively traded. At the time of writing, the price of PIPPIN was around $0.44, and the asset is available for trading on the Binance crypto exchange. The PIPPIN/USDT trading pair exhibits high volatility, which is clearly visible on the TradingView charts.
The PIPPIN story fits into a broader trend related to the popularity of memecoins. These assets regularly generate both impressive profits and significant losses for investors. Incrypted previously reported on another high-profile case, in which an anonymous trader managed to turn $716 into approximately $244,000 in just one week using the Franklin token.
Such examples fuel interest in high-risk strategies and fuel speculative activity in the market. However, experts caution that the rapid growth of memecoins often conceals increased risks, including low liquidity, manipulation, and sudden price crashes. Amid the hype, investors are advised to remain cautious and carefully assess potential risks before entering into such trades.
