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PIPPIN token just experienced a sharp fluctuation—rising from $0.49 to $0.76 within just 10 minutes, a 50% increase. This rapid surge directly triggered a $9M liquidation wave, with short sellers bearing the brunt of the bloodbath. The price then turned downward and quickly retreated. What is hidden behind such extreme volatility? Short-term large fluctuations are often accompanied by liquidity traps and manipulation traces. These events frequently occur during holidays, and participants need to stay highly alert. Don't be fooled by the momentary increase—rapid pump and dump often happen in the blink of an eye. If you're not a professional trader, such high-risk volatility is not worth participating in.