$pippinMemecoin, the Solana-based AI agency created by Baby AGI founder Yoher Nakajima, experienced one of the steepest crashes in its history today, March 17, 2025.
Apparently, more than 50 coordinated whale accounts were secretly accumulated $pippin Last week the token suddenly started selling off its assets en masse, with the token dropping from about $0.35 to less than $0.15 within the day.
CoinGecko confirmed that $pippin The token fell completely out of the top 200 crypto assets after dropping about 60% in 24 hours, wiping out about $200 million in market capitalization in the process.
CoinMarketCap trading volume is currently $80 millionan increase of almost 80%, reflecting the scale and speed of the sell-off.
$pippin The token has fallen nearly 60% in the past 24 hours. Source: CoinMarketCap
The bottom will fall out later $pippin accumulation
This accident was devastating, but some people expected it to happen. On-chain analyst How2onchain flagged an accumulation pattern days before the crash, noting active purchases across multiple clustered wallets with new addresses joining the range in real time.
The largest wallets averaged around $100,000 in daily purchases (per wallet), with six addresses specifically designated as primary motivators (starting with HjizUqP, E1oQG6g, 8M2CBM, FXj7ZPV, 4Dk8hCg, and CTcFhZy), all accumulating in a coordinated pattern.
$pippin accumulation continues
what is happening $pippin Now?
There are active purchases across multiple clustered wallets, with new wallets accumulating during the current range.Top-tier wallets are buying on average around $100,000 worth of tokens per wallet every day… pic.twitter.com/fL3r5TeRML
— onchainschool.pro (@how2onchain) March 12, 2026
By the time the market opened today, those same wallets each contained between $500,000 and $900,000 worth of tokens.
The sale involved over 50 wallets, all of which were tracked using Nansen’s Token God mode. The structure was clean, purposeful and, in hindsight, perfectly visible to anyone who knew where to look. The accumulation and distribution phases appeared to be two halves of the same operation.
Cryptopolitan reported About last year BubbleMaps issued the following warning: $pippin Because almost half of the token supply is controlled by insiders.
is $ZRO Is it a red flag when it accumulates?
on the same day as $pippin crash, Nansen sneered. Identical accumulation patterns built silently in LayerZero $ZRO token.
2/ All wallets are funded from one source: Coinbase Prime.
4 wallets received 1 $ZRO Run a test transaction before the main transfer.
On March 9th, funds were collected in 8 wallets within 4 hours. In one afternoon, $35.8 million was moved.
All 9 wallets are for storage only $ZRO. Nothing else.
This is not retail. … pic.twitter.com/7ztOUwTIc1
— Nansen🧭 (@nansen_ai) March 17, 2026
According to Nansen analysis, $24.5 million was accumulated in nine wallets $ZRO The average price of the token (approximately 2.6% of the circulating supply) is $1.94, bringing the total value up to $47.5 million.
None of these wallets sold any tokens, and every detail of the pattern points to the fact that all nine wallets were funded by one source: Coinbase Prime.
The data revealed that 4 wallets received 1. $ZRO A test transaction took place before the main transfer, with eight of the nine wallets being funded within four hours on March 9, moving $35.8 million in just one afternoon.
Interestingly, each wallet contains nothing else. $ZRO token.
Nevertheless, Nansen’s analysis suggests extensive institutional positioning ahead of the token unlocking on March 20th, reflecting confidence despite the obvious supply pressures the unlocking will bring.
Another interesting fact worth noting is that the accumulation began exactly three weeks after LayerZero CEO Bryan Pellegrino announced Zero, the project’s proprietary layer 1 blockchain designed to achieve 2 million transactions per second.
What does this mean?
Beyond superficial connections, $pippin and $ZRO There seems to be a structurally different reason.
9 Coinbase Prime wallets are a different metric than the quietly stacked 50+ insider wallet cluster $pippin‘s surprise. The institutional accumulation associated with the launch of a genuine Layer 1 also contains a logic that does not apply to the movement of meme coin whales.
But it’s hard to completely ignore surface-level similarities, especially as a catalyst for a compelling story.
of $pippin The token hit an all-time high of $0.8964 on February 26, 2026, but lost over 82% of its value in today’s crash. The intensive supply that fueled growth appears to have contributed to the collapse.
for $ZROwhile the March 20th unlock will serve as the first real stress test. It remains an open question whether the nine wallets will hold out, use the liquidity from unlocking as a cover to begin distribution, or signal a long-term strategic strategy centered around Zero Layer 1.
