BREAKING: Pippin (PIPPIN) Crashes 23.8% to $0.51 Amid Market Selloff
Pippin (PIPPIN) has experienced a dramatic 23.8% decline over the past 24 hours, dropping to $0.508861 as of February 17, 2026, 23:58 UTC. The sharp selloff has erased $150.7 million from the token’s market capitalization, which now stands at $513.8 million.
The cryptocurrency, currently ranked #97 by market cap, saw its price plummet from a 24-hour high of $0.667772 to a low of $0.48841. Trading volume surged to $73.5 million during the downturn, indicating heightened market activity as investors rushed to exit positions.
Recent Price Action
Despite today’s sharp decline, Pippin has posted significant gains over longer timeframes. The token is up 32.8% over the past week and has surged 53.7% over the past 30 days. However, the current price remains 32.4% below its all-time high of $0.759327, which was reached just three days ago on February 15, 2026.
Market Fundamentals
Pippin has a circulating supply of 999.9 million tokens out of a maximum supply of 1 billion tokens, representing near-complete circulation. The fully diluted valuation matches the current market cap at $513.8 million, indicating minimal dilution risk from token unlocks.
The token has experienced remarkable growth since its all-time low of $0.0055459 recorded on December 30, 2024, representing a gain of over 9,100% from that bottom.
Recent Performance Indicators
While the 24-hour performance shows significant losses, Pippin demonstrated modest recovery in the final hour of trading, posting a 0.35% gain. This slight uptick may suggest some stabilization, though the broader trend remains bearish on the 24-hour timeframe.
The $150 million market cap loss represents a 22.7% decline in total valuation, closely tracking the price decrease. The alignment between price and market cap movements indicates the selloff was driven by price action rather than changes in token supply.
Market participants are closely monitoring whether Pippin can hold current support levels or if further downside is ahead. The surge in trading volume suggests heightened volatility may continue in the near term.
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