2025-12-09 14:57:55

1

CryptoTherapist

2025-12-09 14:13:05

Recently, I fell into a major trap, so let me break it down for everyone—a deep dive into the $PIPPIN token. I’ve now truly witnessed what a real predatory whale operation looks like.

It started off absurdly: the whale first crashed the market cap down to 24 million, and guess what? The funding rate was immediately set to -2%, and the settlement cycle was changed to once every hour. At this point, you should be on high alert—**when the funding rate suddenly goes unconventional, no matter if you’re long or short, you should get out immediately. This is a sign the whale is creating panic in preparation for a big squeeze.** Still holding on? Then get ready to have your funds drained hour by hour by the negative funding rate.

But it gets even crazier. The whale pumped it from 24 million all the way up to 200 million, and the whole process was as smooth as a straight line, with zero funding fees. Many people thought, "Wow, this whale seems pretty decent"—wake up! **This kind of non-volatile pumping is the most dangerous.** The whale is lulling you into a false sense of security, waiting for you to drop your guard before suddenly draining liquidity or dumping the price. You must set your stop-loss and take-profit lines in advance—don’t get greedy.

After hitting 200 million, the script played out: first, negative funding drained the shorts and forced them out, then a direct 30% dump to bait in new shorts. Scariest thing? Over 95% of the tokens are controlled by the whale, and the perpetual contracts have a guaranteed 40 million open interest. Get it now? **Never touch one-sided contracts on highly controlled tokens.** The whale can pump or dump at will; if you go short, you lose, if you try to catch the bottom, you lose—either way, liquidation is your fate.

For comparison: the JELLY whale is actually considered a "good whale." So now I have a rule of thumb—**use the good whale as a benchmark. If a token is run even more ruthlessly than the bad whales and gives no profits to traders, I put it straight on the high-risk blacklist and don’t touch it at all.**

This market is too deep and risky; trying to figure it out alone is a recipe for disaster.

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