A cryptocurrency trader turned a $1 million loss into over $2.5 million in unrealized profits by holding onto the Pippin (PIPPIN) memecoin despite a 90% price drop. The trader's position in PIPPIN tokens skyrocketed in value as interest in AI-powered coins increased. PIPPIN's market cap also rose, reaching over $224.98 million. The memecoin has recorded a 151% gain in the past 24 hours. However, investor sentiment in the overall crypto market is cautious due to concerns about potential US Federal Reserve tightening of monetary policy and the US government reportedly selling seized Bitcoins.



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