Editing Pippin

**Pippin** (ticker **PIPPIN**) is a [[Solana]] memecoin based on a ChatGPT-generated unicorn image that venture capitalist Yohei Nakajima turned into an autonomous AI agent posting on social media.[^1] It rallied several hundred percent in late 2025 and early 2026 while on-chain analysts reported that a small group of wallets controlled most of its supply.[^2][^3]

## Lore
CryptoSlate describes the token as born from an AI experiment in early 2024, with Nakajima first endorsing the AI-generated concept.[^2] As of December 2025 the creator had posted nothing new about it and there was no roadmap or product update.[^2]

PIPPIN rose 556% in the 30 days to 3 December 2025.[^2] Derivatives volume passed $3.19 billion on 1 December and open interest doubled to $160 million, per CoinGlass.[^2] CryptoSlate set the rally against a weak Solana memecoin market, with memecoins under 10% of Solana DEX volume after collapses such as [[Libra]] and [[Official Trump]].[^2] In the four weeks to 24 February 2026 PIPPIN rose another 135%; LunarCrush called the move speculative and possibly driven by artificial pumps.[^1]

## Timeline
- 2025-10-24 to 2025-11-23: 26 addresses withdraw 44% of supply from Gate, per [[Bubblemaps]][^2]
- 2025-12-01: derivatives volume tops $3.19 billion; an early holder sells 24.8 million PIPPIN[^2]
- 2026-02-24: CoinDesk reports a 135% four-week rally[^1]
- 2026-03-04: Bubblemaps reports a 70% weekly drop and 80% of supply held by 120 wallets[^3]

## Key wallets
- 2Gc2Xg (truncated): held PIPPIN for over a year, bought for 450 SOL (about $90,000) and sold 24.8 million tokens for about $3.74 million, per Lookonchain[^2]
- BxNU5a (truncated): bought 8.2 million PIPPIN, with unrealised gains above $1.35 million in December 2025[^2]

## Controversies
Bubblemaps identified 50 connected wallets that bought about $19 million of PIPPIN; they were funded by HTX in tight time windows, received similar SOL for gas and had no prior activity.[^2] It also flagged 26 addresses that withdrew 44% of the supply, about $96 million, from Gate between 24 October and 23 November 2025.[^2] In March 2026 Bubblemaps called PIPPIN one of the most heavily controlled tokens, with 120 wallets holding 80% of supply.[^3] These are Bubblemaps' readings of on-chain patterns, not identified owners. Some social media accounts alleged the 2026 rally involved money laundering; CoinDesk reported the claims without substantiating them.[^1]

## See also
- [[Truth Terminal]]
- [[Goatseus Maximus]]
- [[Fartcoin]]
- [[Zerebro]]
- [[Act I: The AI Prophecy]]
- [[ai16z]]
- [[Andy Ayrey]]

## References
1. [BTC price teeters near $63,000 as pippin's rally shows speculative froth remains: Crypto Daybook Americas](https://www.coindesk.com/daybook-us/2026/02/24/bitcoin-teeters-near-usd63-000-as-pippin-s-rally-shows-froth-remains), CoinDesk, 2026-02-24
2. [PIPPIN defies Solana memecoins slump with 556% surge](https://cryptoslate.com/the-discovery-of-50-secret-wallets-behind-the-pippin-556-rally-proves-the-odds-are-now-stacked-against-the-average-trader/), CryptoSlate, 2025-12-03
3. [Bubblemaps on X: $PIPPIN is one of the most heavily controlled tokens out there](https://x.com/bubblemaps/status/2029219731790807091), Bubblemaps, 2026-03-04
Title
Ticker
Contract checked by reviewers
Chain
Launched
Launchpad
Deployer checked by reviewers
Status
X
Telegram
Website
Also known as