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PIPPIN has staged a sharp rally in recent sessions, reigniting market attention as prices climb toward record territory.
The token has gained about 38% during the latest upswing, outperforming many peers.
Current price action places PIPPIN within roughly 7% of its all-time high near $0.530.
The proximity to record levels has raised expectations of a potential breakout.
At the same time, signs of increasing selling pressure are beginning to emerge.
On-chain flow indicators suggest retail traders are becoming more cautious.
The Chaikin Money Flow indicator has slipped below the zero line.
This move signals that outflows are starting to outweigh inflows.
Analysts interpret the shift as early-stage distribution rather than fresh accumulation.
Rising outflows often reflect profit-taking after strong rallies.
As prices approach historical highs, traders commonly reduce exposure to manage risk.
This behaviour can cap momentum even when broader sentiment remains bullish.
Short-term selling pressure may slow the pace of gains.