Justin Sun becomes PEPE’s largest individual holder, Arkham says

Tron founder Justin Sun has accumulated nearly 3% of PEPE’s supply, with blockchain analytics firm Arkham Intelligence identifying approximately $51.25 million worth of the memecoin across his known and suspected wallets. Summary Arkham Intelligence has identified Justin Sun as the largest individual PEPE holder, with wallets linked to the Tron founder holding approximately $51.25 million worth of tokens, representing 2.82% of the total supply. Two major withdrawals from Poloniex on October 17 and October 26 transferred a combined $48.76 million worth of PEPE into wallets attributed to Sun. Arkham traced the tokens through Binance, Poloniex and HTX, while identifying another $77 million in stablecoin transfers from Sun linked wallets to Poloniex between October 15 and October 25. Sun’s growing PEPE holdings could attract investor attention, although such a large concentration of tokens in individual wallets could create selling pressure if a significant portion is liquidated. According to an October 27 Arkham Intelligence report, the tokens entered Sun-linked wallets over the previous 10 days, making him the largest individual PEPE holder outside cryptocurrency exchanges. Is Justin...