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Don't remind me again today

Remember that AI unicorn meme coin from last year? Here's how it all went down.



Back in 2024, VC Yohei Nakajima dropped an AI-generated character named Pippin—just a cute digital unicorn, nothing more. The community saw potential and immediately launched $PIPPIN as a token. Surprisingly, Yohei gave it his stamp of approval, and things escalated fast.

The token skyrocketed to a $330M fully diluted valuation at its peak. Hype was real. Everyone was talking about it.

Then came the brutal 90% crash.

Fast forward to now, and most people have moved on. $PIPPIN became another cautionary tale in the meme coin graveyard—a reminder of how quickly community-driven projects can rise and fall when the narrative fades.
PIPPIN13.08%
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ApeWithAPlanvip
· 4h ago
Ha, another classic "from zero to hero and back to zero" story, it's so cliché.
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SatoshiHeirvip
· 9h ago
It should be noted that this case perfectly illustrates a point I read in a paper years ago: the inherent fragility of community consensus. $PIPPIN dropped from 330M to almost drop to zero, and on-chain data indicates that this is not market fluctuation, but a complete collapse of value consensus — undoubtedly, this is a typical manifestation of fiat thinking invading Web3. I have verified all historical documents, and this phenomenon was predicted as early as 2013. The ridiculous thing is that everyone keeps repeating the same mistakes. Ladies and gentlemen, let me say this: true Decentralization projects never rely on a single narrative’s temperature, but what about PIPPIN? Just a lovely unicorn. Where is the essence of the technology? It simply does not exist.
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IfIWereOnChainvip
· 9h ago
Haha, another moment to witness history... 330M to bankruptcy happened so fast? I thought it would be different too.
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MysteryBoxOpenervip
· 9h ago
It's another classic story of "I bought it all" to "Tied Up waiting to die". Damn, 330M valuation just evaporated like that, good thing I didn't chase the price. I already knew that community coins are all like this... after the hype, there's nothing left.
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MaticHoleFillervip
· 9h ago
What the hell, it's this trap again. Community-driven coins are just like this, a 90% fall is considered normal operation.
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