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Pippin (PIPPIN) Enters Crypto’s Top 100 Club After Soaring 30% in a Day: More Room for Growth?

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PIPPIN Price


“Really nice chart, pure strength,” one popular analyst stated.

The meme coin pippin (PIPPIN) once again defied the ongoing bearish environment in the cryptocurrency market, with its price rallying by roughly 30% over the past 24 hours.

It has become a point of interest for well-known analysts who believe further short-term gains could be forthcoming.

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Rising Through the Ranks

Earlier today (February 11), PIPPIN’s valuation climbed to as high as $0.46, marking the highest level since the end of January. Currently, it trades at around $0.44 (per CoinGecko’s data), representing a whopping 144% spike on a weekly scale.

PIPPIN Price
PIPPIN Price, Source: CoinGecko

Its market capitalization soared well above $400 million, making PIPPIN the 100th-largest cryptocurrency. Over the past few weeks, it flipped Pudgy Penguins (PENGU), dogwifhat (WIF), and FLOKI (FLOKI) and now stands as the eighth-biggest meme coin. The undisputed leader in the realm remains Dogecoin (DOGE), whose market cap exceeds $15 billion.

According to the analyst who goes by the X moniker Sjuul | AltCryptoGems, PIPPIN has more fuel to post additional gains, setting the next target at around $0.50.

“Really nice chart, pure strength! Extremely well-respected support and resistance levels, and full ripping after that deviation! If I smell this right, resistance should be next,” he said.

Earlier this week, the market observer Satori also put PIPPIN on their watchlist, claiming “a much stronger breakout” might be on the horizon.

Investors Should Beware

While the asset has undoubtedly turned into one of crypto’s sensations in the past few days, those planning to invest in it must tread lightly. First, meme coins are notorious for their high volatility, meaning PIPPIN can make a sudden move and crash by double digits in a short period.

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Second, some analysts on X have warned that the token is primarily driven by speculation, whereas its utility and use cases are questionable (to say the least). Critics like Diane De crypto went even further, calling PIPPIN “the biggest money laundering event happening right in front of your eyes.”

The asset’s Relative Strength Index (RSI) can also be interpreted as a warning sign for investors. The technical analysis tool measures the recent speed and magnitude of the latest price changes, and traders often use it to spot potential reversal points.

It ranges from 0 to 100, and ratios above 70 indicate PIPPIN is overbought and could be due for an imminent pullback. On the contrary, anything beneath 30 might be viewed as a buying opportunity. Currently, the RSI stands at approximately 72.

PIPPIN RSI
PIPPIN RSI, Source: RSI Hunter
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Crypto World

Crypto giant debuts WTI trading, but it’s a different model to Hyperliquid’s perps

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Crypto giant debuts WTI trading, but it's a different model to Hyperliquid's perps

The Iran war has set oil on fire and crypto exchanges are racing to offer 24/7 trading to fill tradfi gaps, with most copying decentralized giant Hyperliquid’s perpetual-futures play.

Crypto market-making giant Wintermute is taking a different approach. On Tuesday, its derivatives unit, Wintermute Asia, launched over-the-counter (OTC) trading in WTI crude oil contracts for difference (CFDs).

CFD is type of derivative that allows traders to speculate on the price movement of an asset without owning it. Similar to futures, CFDs track the asset’s price, but the key difference is that only the difference between the opening and closing prices is exchanged between the trader and the broker when the contract is closed.

These are typically traded over-the-counter and can be tailored in term sof size, duration and margin requirements. This bespoke flexibility allows professional traders and institutions to design strategies that match specific risk-return objectives, rather than conforming to one-size-fits-all derivatives such as Hyperliquid’s oil perpetual futures.

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Wintermute’s CFD launch comes amid weeks of intense geopolitical volatility in the Middle East. Escalating tensions between Iran and the U.S.–Israel coalition have left traders in a bind over weekends when traditional finance markets are closed, limiting their ability to adjust positions or manage risk effectively. This led to outsized trading activity on Hyperliquid’s energy market perpetuals and prompted WIntermute to offer CFDs.

“We are seeing strong demand from counterparties looking to use digital asset infrastructure to trade traditional products like oil. The recent price action made that need much more immediate, as many investors were unable to act until traditional venues reopened,” said Evgeny Gaevoy, CEO of Wintermute.

“A Wintermute counterparty could have traded the weekend move before the Monday gap or responded immediately to the reversal,” Gaevoy added.

Note that Wintermute is a counterparty in the CFD. Traders aren’t matched with each other; they are trading directly against Wintermute, which is taking on the market risk. The firm is, therefore, leveraging its risk management systems and deep liquidity to monetize demand for 24/7 crude than simply supplying liquidity to perpetual futures.

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Traders can access WTI CFDs with zero trading fees, using a variety of fiat and crypto assets as margin, the official announcement said. Contracts can be executed via chat, Wintermute’s electronic OTC platform, or API. The rollout builds on the recent introduction of tokenized gold, further broadening Wintermute Asia’s suite of offerings beyond purely digital assets.

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Enlivex Raises Funds for Rain Prediction Market Token Buys

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Enlivex Raises Funds for Rain Prediction Market Token Buys

Immunotherapy company Enlivex has raised $21 million via a debt financing agreement to purchase another 3 billion tokens tied to the prediction market platform Rain.

Enlivex said on Tuesday it exercised an option to acquire another 3 billion Rain (RAIN) tokens at a 62% discount for $10 million on Sunday while extending its option to purchase another 272.1 billion RAIN tokens at the same price to December 2027. The debt financing came from The Lind Partners, a New York-based asset manager.

“We are continuing to execute our prediction markets treasury strategy, and we are pleased that Lind provided us with substantial capital, allowing us to continue the execution of our operating plan, as well as to acquire approximately three billion additional RAIN tokens,” said Enlivex executive chair Shai Novik.

Enlivex develops cell therapy solutions for knee osteoarthritis, but is one of several non-crypto companies that have purchased cryptocurrencies in the hopes that it will strengthen their balance sheets and attract a wider base of investors.

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The company also said it approved a $20 million share buyback program, aimed at enhancing shareholder value.

Details of Enlivex’s debt financing announcement. Source: Enlivex

The value of Enlivex’s RAIN treasury is directly tied to Rain’s decentralized prediction market platform, which has a built-in 2.5% fee that automatically buys back and burns RAIN tokens in a bid to boost the token’s supply-demand dynamics.

RAIN token, Envilex shares trade mostly flat

The Rain token rose 7% to $0.009 after Enlivex’s announcement before falling slightly to $0.0088, trading flat over the last 24 hours with a 0.3% gain, according to CoinGecko. 

Shares in Enlivex (ENVL) also traded mostly flat on Tuesday and closed the trading day down 0.9% to $1.10, but gained 4.5% in after-hours trading, rising to $1.15.

Related: Kalshi, Polymarket eye $20B valuations in potential fundraising: WSJ

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Rain runs on the Ethereum Layer-2 Arbitrum network and ranks among the top 10 prediction market platforms by total value locked and fees over the past seven days, DeFiLlama data shows.