$pippinThe AI-powered meme coin on the Solana blockchain has surged 23% in the past 24 hours, outpacing large-cap cryptocurrencies as traders migrate to narrative-focused tokens.
The coin is currently trading around $0.87 and has risen 70% in the past week and 169% in the last month. According to CoinGecko, it has a market capitalization of approximately $870 million and daily trading volume of over $70 million.
$pippin chart
The rally comes as AI-related tokens have once again gained attention across crypto markets in recent days. The current market capitalization of the AI token sector is $13.8 billion, up 5.6% in 24 hours. The meme coin market was also higher, increasing by 4.7% to $34.6 billion. $pippin leading the rapid increase. Meanwhile, the global cryptocurrency market capitalization was $2.38 trillion, down 2.2% on the day.
$pippinThe move also reflects a broader trend in markets reacting to AI narratives, with stocks and cryptocurrencies moving even in hypothetical scenarios these days. But some experts say there is no clear impetus for the rally.
” $pippin “AI meme tokens have been rising since early December 2025, and we don’t really know why. Furthermore, much of the supply is on exchanges (GATE), which further reduces the chances of understanding what’s going on,” Nansen research analyst Nikolai Sondergaard told The Defiant.
Sondergaard explained that there aren’t many smart money or big names out there anymore, and the majority of the top holders are labeled on-chain as “investment recipients.”
Sondergaard added: “This could imply some degree of centralization.” “Unfortunately, even though such accusations have been flying around on CT, we cannot prove or disprove them at this time.”
CoinGecko also warned traders to do their research before trading. $pippinBubble Map data reveals that 80% of that supply is controlled by interconnected insider wallets.
