As we have been analyzing, $PIPPIN has had a meteoric rise driven by the hype of #IA but the signs of exhaustion are evident. With Bitcoin struggling at $70,000 and the crypto market in a "derisking" mode, the most volatile tokens like $PIPPIN are the first to feel the selling pressure.

This week we have seen how the "bomb hunters" have taken out every last peso from this token. The Fear and Greed Index remains at Extreme Fear (18), indicating that most retailers are trading with emotions running high.

If BTC has another "flash crash", $PIPPIN will feel the magnified impact!