PIPPIN's 44% Faceplant: $3M Liquidated as Weak Hands Get Thoroughly Shaken Out

Pippin [PIPPIN] just got absolutely wrecked. The token crashed over 44% from near $0.80 down to roughly $0.035 on rising volume, triggering about $3.03 million in liquidations — with $2.30 million of that coming from longs who were way too bullish. Ouch. Someone's leverage was definitely not built for this volatility.

The price action through March told the story: lower highs as demand faded. Before the breakdown, consolidation formed around $0.35–$0.40, which turned out to be a liquidity trap. Classic bull trap energy — everyone thought they were grabbing discounts, turns out they were grabbing a knife. Now the same pattern's appearing near $0.035 after the drop, where sellers have exhausted themselves and buyers are cautiously stepping back in. Deja vu, anyone?

RSI is hovering around 27.9, signaling oversold conditions. Selling pressure is starting to fade, but the market's in a fragile state. If buyers can absorb the remaining supply, a relief bounce could follow. Fail to hold support, and another liquidation cascade kicks in. It's basically a game of chicken now — who's blinking first?

The forced exits did their job — weak hands got flushed, and price stabilized between $0.03 and $0.035. The cascade slowed as the market reset. PIPPIN's now trying to find footing after losing key support at $0.153 and $0.230, with price holding near $0.037. Those support levels? Gone like last night's dreams of Lambos.

Momentum has flipped. Early buyers are out, new demand is struggling. We're looking at the 78.6% retracement zone near $0.026, where deep corrections often slow down as selling exhausts itself. Most weak hands have already been rekt. But here's the thing: inability to reclaim $0.153 shows confidence is still shook. Buyers are hesitant, and the trend