$PIPPIN Market Dynamics Analysis.

If you have already read my previous analysis on market anomalies, you can skip this.

For readers encountering this topic for the first time, here are some basic concepts:

Market "anomalies" do not necessarily mean price increases; they usually refer to price fluctuations driven by non-natural liquidity— in other words, market movements that are carefully planned and manipulated by a few major players.

Such manipulation typically comes from certain leading exchanges.

Their tactics are quite consistent: selecting specific assets, then creating false market signals through concentrated funds, order book manipulation, and other means. Price fluctuations may seem random, but they are actually precisely controlled. That’s why experienced traders pay close attention to on-chain data and trading depth—real market liquidity cannot be hidden.