According to the latest data from GMGN monitoring platform, the Solana-based meme coin PIPPIN experienced a significant surge on February 9.
The data showed that the token price climbed from its previous low of $0.15 to the current price of approximately $0.292, representing a 54% gain in 24 hours. Its market cap also increased from around $180 million to $290 million.
It's worth noting that the token underwent a notable correction in late January to early February, with its price dipping as low as $0.15. This recent rally has rekindled community interest in the project.
Experts warn that meme coin markets are highly volatile, with prices primarily driven by community sentiment and trending events rather than practical use cases. Investors should carefully evaluate the risks before participating in such trades.