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PIPPIN Price Prepares For 221% Breakout, Eyes New ATH

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PIPPIN NVT Ratio.

PIPPIN price has staged a powerful rally, pushing the meme coin closer to its all-time high. While momentum remains strong, continued investor selling could test the sustainability of this advance.

The question now is whether PIPPIN can sustain demand and convert resistance levels into lasting support.

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PIPPIN Is Not Overheating

The Network Value to Transactions, or NVT, ratio remains relatively low despite the recent price spike. Historically, sharp rallies in speculative assets push the NVT ratio higher. A rising NVT often signals that market value is outpacing transaction activity, suggesting overheating conditions.

In PIPPIN’s case, the muted NVT reading indicates that network usage is expanding alongside price. Transaction volumes have kept pace with market capitalization growth. This alignment reduces the probability of an immediate correction driven purely by overvaluation concerns.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

PIPPIN NVT Ratio.
PIPPIN NVT Ratio. Source: Glassnode

A low NVT ratio during a rally can signal healthy participation. It suggests that price gains reflect genuine user engagement rather than excessive speculation. For investors focused on on-chain fundamentals, this metric supports the view that PIPPIN’s recent breakout attempt rests on a stronger footing.

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Will Investors’ Selling Affect PIPPIN?

Exchange data shows that holders have been actively selling over the past several days. Since the beginning of the month, approximately 41.95 million PIPPIN tokens have moved onto exchanges. At current prices, this represents more than $17 million in realized supply.

Such selling typically reflects short-term profit-taking following rapid price appreciation. However, distribution alone does not confirm a bearish reversal. In strong uptrends, elevated exchange balances can coincide with aggressive demand from new entrants absorbing available supply.

PIPPIN Balance on Exchanges
PIPPIN Balance on Exchanges. Source: Glassnode

The combination of rising prices, steady NVT readings, and exchange inflows may indicate absorption. Buyers appear willing to offset sell pressure without triggering a breakdown. This dynamic is often observed in early-to-mid bull market phases, when demand quietly outpaces distribution despite visible profit-taking.

PIPPIN Price Breakout Likely

PIPPIN price has surged 159% over the past five days, trading at $0.419 at publication. The meme coin stands out as the week’s top-performing digital asset. Technical charts show the token nearing a breakout from a descending broadening wedge pattern.

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The wedge formation projects a potential 221% advance upon confirmation. A decisive move above $0.518, flipped into support, would validate the breakout structure. Even if PIPPIN falls short of the full projection, momentum could still drive price beyond its previous all-time high of $0.720 and toward $0.800.

Risk factors remain relevant for short-term traders. If the NVT ratio begins rising while exchange selling persists, transaction activity may weaken. A failed breakout could trigger a pullback toward $0.267 or even $0.186. Such a decline would invalidate the current bullish thesis and shift momentum decisively lower.

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Crypto World

The Next Crypto Bull Run Won’t Be About Coins or Viral Hype

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Crypto bull cycles over the past 5 years have been mostly about token speculation and, more recently, institutional adoption. But the next cycle will be dominated by real-world applications, according to Clem Chambers – founder of ADVFN, Europe’s leading stocks and markets website

Speaking at BeInCrypto’s Markets Intelligence Council, Chambers argued that the industry is moving past its trading-driven cycle.

“That era has probably ended and certainly is coming to an end. And then that will be replaced by use cases,” he said, pointing to a structural change in how value is created in crypto.

The Trade Is Crowded, The Utility Isn’t

His comments come as the current cycle shows clear divergence between price action and underlying activity. Bitcoin and Ethereum continue to attract institutional flows, especially in a post-ETF environment. 

However, capital is concentrating at the top, while mid-tier tokens struggle to hold attention or liquidity.

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At the same time, a different layer of the market is gaining traction. Tokenized real-world assets, stablecoin-based payment rails, and blockchain infrastructure tied to AI and data are seeing steady growth. 

These sectors generate usage, fees, and in some cases, real revenue — something most speculative tokens failed to deliver in previous cycles.

Forget Tokens, Think Products

Chambers framed this shift bluntly. 

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“Forget Fi and look for apps, not Fi, apps, applications of tokens and blockchains,” he said. 

Earlier cycles focused on financial primitives — DeFi protocols, yield farming, and token trading. The emerging trend centers on applications that users interact with directly, often without focusing on the underlying token.

This aligns with broader market signals in 2026. Tokenized funds from firms like BlackRock and growing stablecoin usage in payments show how blockchain is embedding into existing financial systems. 

Meanwhile, infrastructure sectors such as decentralized physical networks and AI-linked protocols are attracting developer activity and venture funding.

However, this transition is uneven. Speculative trading still drives short-term price moves, and retail participation remains largely momentum-based. 

Many application-layer projects also struggle with user retention and monetization.

Even so, the direction is becoming clearer. If previous cycles were driven by narratives around tokens, the next phase may depend on whether blockchain-based applications can deliver consistent utility.

Chambers’ argument reflects a broader reality: the market is starting to reward usage over hype. 

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Whether that shift fully defines the next cycle will depend on how quickly these applications can scale beyond crypto-native users.

The post The Next Crypto Bull Run Won’t Be About Coins or Viral Hype appeared first on BeInCrypto.

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Drift Protocol Warns of Potential Cybersecurity Exploit

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Cybercrime, Cybersecurity, Hacks, Decentralized Exchange

Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved.

The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue. 

In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended. 

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Source: Drift Protocol

Blockchain cybersecurity threat researcher Vladimir S said the exploit was likely due to a crypto wallet private key leak, and the total funds lost in the incident could be as high as $200 million. 

“Admin signer was compromised, or whoever controls it intentionally executed these changes,” he said

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The stolen assets include wrapped versions of Bitcoin (BTC), Jito (JTO), the Fartcoin (FRT) memecoin, other altcoins, and various dollar, euro, and Japanese yen stablecoins, which have since been transferred to multiple wallets, according to Vladimir S.

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Source: Vladimir S

The exploiter started converting the stolen assets to the USDC (USDC) stablecoin, bridging the funds to the Ethereum network and purchasing Ether (ETH), according to Solana treasury company DeFi Development Corp.

Cointelegraph reached out to Drift Protocol but did not receive an immediate response by the time of publication. 

Cybersecurity exploits and hacks were responsible for $49 million in crypto losses during February, a sharp decrease from January, but a reflection of the ongoing security threats users and platforms face.

Related: Resolv temporarily halts protocol to ‘contain the impact’ of 80M USR exploit

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Drift token impacted by the exploit

The price of the Drift (DRIFT) token briefly reached $0.68 on Wednesday, but fell by about 18% following news of the exploit, according to data from CoinMarketCap.

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Drift token falls after news of the exploit. Source: CoinMarketCap

About 83% of the native crypto tokens of hacked platforms never recover to pre-hack prices, according to blockchain security company Immunefi. 

“The stolen funds are only the first layer of damage,” Immunefi CEO Mitchell Amador told Cointelegraph in March.

“What follows is often more destructive: sustained token price suppression, reduced treasury capacity, leadership disruption, lost development time, and erosion of user trust,” he added. 

Magazine: WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express

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