The recent trend of PIPPIN is worth a close look. Yesterday's surge was significant, but there was a glaring phenomenon – the Trading Volume actually shrank. It's important to know that the combination of volume and price is a healthy bullish signal. In contrast, this time, the volume did not follow the rise, what does that indicate? The chips have long been locked in, and the current pump is more of an internal chip transfer game. The market maker does not actually need to invest too much real money to pump the price, they can create the illusion of volume by transferring from left hand to right hand. The real test will come when retail investors rush in to catch a falling knife. This kind of market data signal must be taken seriously.