Author: Wenser, Pionex Daily
The cryptocurrency market continues to experience fluctuations and declines. However, even in a lackluster market, a few tokens are moving against the trend, maintaining their own "big rise and fall" independent rhythm. Odaily Pionex Daily will summarize the recent price performance of these "meme coins" and attempt to identify commonalities to help discover the next potential investment target.
PIPPIN: The Orphan of the AI Agent Craze, a Representative of "Insider Trading"
From the end of last year to January this year, AI Agent tokens dominated the cryptocurrency market, with tokens like ai16z (ELIZAOS) and swarms frequently topping the charts for token gains. PIPPIN was also one of the AI concept tokens from that time.
Now, nearly a year later, only PIPPIN remains, possibly chosen by wild speculators for its ease of control. In the past two weeks, it has been on a continuous rise. On November 23, its price was only around $0.05, but just a week later, it skyrocketed to over $0.17:
On December 1, PIPPIN surged over 60%, reaching nearly $0.18. At that time, analyst @frontrunnersx noted that PIPPIN exhibited concentrated accumulation characteristics, with some addresses continuously buying without significant selling behavior, causing the price to repeatedly hit short positions and trigger a chain reaction of liquidations. One address bought about $200,000 worth of PIPPIN six days ago, and after the price doubled, it completed the sale, currently taking similar actions against ARC.
On December 2, Bubblemaps reported that 50 associated addresses purchased $19 million worth of PIPPIN tokens, and 26 addresses withdrew 44% of the PIPPIN token supply from the Gate platform within two months, totaling $96 million, with most wallets being newly funded. Most PIPPIN withdrawals occurred on October 24 and November 23. At that time, the price of PIPPIN had already increased by 1000%, with insiders controlling half of the token supply, valued at $120 million.
In other words, the wild speculators began accumulating PIPPIN even a month earlier, with the real violent surge occurring about a month and a week after the accumulation.
Subsequently, a certain diamond-handed trader liquidated their previously accumulated 24.8 million PIPPIN, with profits shrinking from a peak of $7.6 million to $3.65 million.
On December 6, Onchain Lens reported that a whale spent 23,736 SOL (worth about $3.3 million) to purchase 16.35 million PIPPIN at a price of $0.20, at which point their unrealized profit exceeded $740,000.
On December 16, Bubblemaps again warned that while PIPPIN's price continued to rise, internal addresses held about 80% of the supply, valued at about $380 million. Bubblemaps pointed out that since the last disclosure (December 2), 16 new wallets exhibiting the same pattern had emerged (funded by HTX, receiving similar SOL, with no history, withdrawing large amounts of PIPPIN from CEX); another group of 11 wallets associated with Bitget was identified, collectively holding about 9% of the supply, with fund flows and timing highly consistent, suspected to be controlled by the same entity.
That night, as PIPPIN's price fell below $0.30, this round of "meme coin awards" announced a phase of closure. However, the next day, on December 17, PIPPIN surged to around $0.50 again, leading to another large-scale short squeeze. It must be said that the violent tactics of wild speculators in a bear market are quite ruthless.
As of the time of writing, PIPPIN's price is reported at $0.44, with a 24-hour increase of over 15%, and its performance continues.
FOLKS: Cross-Chain DeFi Protocol Token, Nearly 24-Fold Increase Due to S2 Incentive Announcement
As a cross-chain DeFi protocol providing lending, staking, and trading services primarily on the Algorand chain, Folks Finance initially attracted little attention. However, with the launch of the official S2 incentive program, market enthusiasm for its token reignited.
Notably, Folks Finance distributed 1.5 million FOLKS tokens during the S1 incentive program, which included Chainlink incentives; on November 6, FOLKS officially listed on Binance Alpha, with a historical low price of around $2.
On December 9, following the official announcement from Folks Finance, the price of FOLKS skyrocketed from under $10;
By December 14, after nearly a week of speculation, the price of FOLKS first broke through $40, ultimately rising to nearly $47, representing an increase of nearly 24 times from its low;
Subsequently, the price of FOLKS quickly retraced, dropping by about 80%.
As of the time of writing, FOLKS is reported at $6.4, with a 24-hour decrease of over 24%, and a circulating supply of 12.7 million tokens (accounting for 25.4% of total supply), with a market cap of approximately $81 million.
BEAT: A True Meme Coin That Needs No Further Explanation
As another altcoin rooted in the BNB Chain ecosystem, BEAT's rise is yet another classic case, similar to previous meme coins like MYX and COAI.
It is worth noting that the official account behind the BEAT token promotes the concept of "Web3 AI entertainment platform + IP creation platform," a rehashed version of a popular concept. After launching on Binance Alpha and contracts in early November, BEAT's official claim was that there were even over 1.2 million independent on-chain holding addresses, which prompts the saying, "The bolder the person, the greater the yield."
Similar to previous meme coin trends, BEAT maintained a low market cap at the start—after an initial rise following its launch on Binance Alpha, its market cap remained around $25 million; subsequently, the price rapidly surged amidst a series of aggressive moves.
As of the time of writing, BEAT is reported at around $2.7, with a 24-hour increase of over 14%, a circulating market cap of approximately $440 million, and around 126,000 on-chain holding addresses.
AIA: Decentralized AI Agent Concept Token, Volatility from Contract Replacement
As the project token of DeAgent AI, AIA previously attracted significant market liquidity and attention due to a sharp rise after launching on Binance contracts, with prices once soaring above $1. However, constrained by an increasingly quiet market environment and the gradual cooling of the AI concept, the token price gradually fell into a slump.
However, the news of "Binance delisting AIA contracts" injected volatility back into its liquidity.
On December 11, according to an official announcement, Binance Futures announced it would close all AIAUSDT perpetual contracts on December 11, 2025, at 20:15 and conduct automatic settlement. After the settlement, the contract would be delisted, causing AIA to plummet over 90%.
However, Binance subsequently announced that Alpha 2.0 would support the contract replacement for DeAgentAI (AIA). Starting from December 11, 2025, at 20:00 (UTC+8), Binance Alpha 2.0 temporarily suspended trading of AIA to execute this contract replacement. The replacement would be executed at a 1:1 ratio, with the snapshot time set for December 11, 2025, at 20:00 (UTC+8). Binance Alpha 2.0 would resume trading for DeAgentAI (AIA) on December 15, 2025, at 16:00 (UTC+8).
On December 15, Binance Alpha's official data showed that DeAgentAI (AIA) had completed the smart contract replacement and officially resumed trading at 16:00 (UTC+8) on December 15. Market data indicated that AIA surged significantly after opening, with an increase exceeding 160%, topping the Binance Alpha gain leaderboard.
As of the time of writing, AIA is reported at $0.11, with a 24-hour decrease of 6.3%, and a circulating market cap of approximately $16 million.
RAVE: Offline Community-Driven Cultural Platform, Supported by Trump’s Son and CZ's Retweet
As a DAO organization focusing on the concept of "decentralized music and cultural community and platform ecosystem," RaveDAO's development speed is astonishing. After months of community building and project development, RaveDAO has previously completed several NFT sales related to membership.
On November 10, RaveDAO announced its token economic model and airdrop, stating that the token aims to connect artists, organizers, and fans through token economics, promoting a decentralized entertainment ecosystem of "culture as protocol." The total supply of RAVE is 1 billion tokens, with 30% for the community, 31% for the ecosystem, 20% for the team and co-builders, 5% for early supporters, 5% for liquidity, 3% for airdrops, and 6% for the foundation and public welfare pool. About 23.03% will be in circulation after the token generation event (TGE), with the remaining portion subject to a 12-month cliff and a 36-month linear unlocking period.
A month later, on December 10, Binance Alpha announced that RaveDAO (RAVE) would soon be listed.
The next day, news of RaveDAO receiving dual ecosystem support from WLFI and Aster spread rapidly, and within an hour of listing on Binance Alpha on December 12, trading volume exceeded $25 million.
Moreover, RaveDAO's "upper-level route" also gained significant attention—on the evening of the 12th, Trump's son retweeted and followed the collaboration dynamics between Aster and USD1, with RaveDAO, one of the collaborating parties, gaining massive exposure. CZ subsequently retweeted this post, causing RAVE's price to rise accordingly.
- On December 13, RAVE's price briefly reached $0.67, with a 24-hour increase exceeding 410%;
- On December 14, Binance contracts launched RAVE U-based contracts;
- On December 15, RAVE was listed on centralized exchanges such as OKX, Bybit, Bitget, Aster, Gate, Kucoin, and MEXC, with the price retreating to around $0.41.
As of the time of writing, RAVE's on-chain price is reported at $0.38, with a 24-hour increase exceeding 12%, and a circulating market cap of approximately $88 million.
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