As a retail investor in PIPPIN, I have been holding for 5 days, mainly shorting at low leverage. I was a bit surprised by this recent upward surge—unlike other coins that often experience sharp drops, this project's market maker's manipulation techniques are indeed quite skillful.

The problem is that although this wave of price increase stabilized the daily chart, it also trapped a large number of long positions. The current situation is very delicate: if the market maker wants to continue pushing up to trigger a short squeeze, they need to break above 0.72 to have a chance. But that's exactly the bottleneck—his funds seem to be running out.

Since the rebound from 0.26 to now, the main players have already spent quite a bit. To truly break through, they should have continued to exert effort at the 0.56 level last night, leveraging the momentum to push toward 0.72 and stabilize the market, which would have truly triggered panic among the shorts. But the current situation is that large capital is clearly insufficient.

Once the longs start to run, subsequent upward movement will become increasingly difficult. The game within this price range has reached the stage that tests the market maker's financial capacity the most. Whether they can break through next depends on who runs out of money first.