$PIPPIN Jinse Finance reported that Bubblemaps posted on X that the PIPPIN project started in 2024, but due to a significant price drop, the community has almost forgotten about the project. However, the price of the PIPPIN token has increased by about 10% in the past two weeks, with the market capitalization rising from $20 million to $220 million. The team has not provided any updates or progress on the project during this period, and their social media accounts have not been updated for six months. By tracking on-chain data, it was discovered that 26 addresses withdrew PIPPIN tokens worth $96 million from CEX within two months, with most withdrawals occurring on October 24 and November 23. This suggests that the timing and pattern of the funds indicate these wallets are operating in a coordinated manner, and further investigation will be conducted on this matter.