Justin Sun emerges as top individual holder of PEPE with $51.25 million

Justin Sun now holds more PEPE than any other individual, according to blockchain analytics firm Arkham Intelligence. His attributed wallets contain $51.25 million worth of the frog-themed meme token. The TRON founder did not get there slowly. Most of the stake came together in about 10 days, which is fast even by meme coin standards. Arkham’s data puts Sun’s share of PEPE’s total supply at roughly 3%, with estimates ranging from about 2.82% to 3%. How the stake came together The accumulation shows up in two large withdrawals from the Poloniex exchange. Together they moved 11.85 trillion PEPE tokens into wallets Arkham links to Sun. The first came on October 17, when 7.2 trillion PEPE left Poloniex. That batch was valued at $28.44 million at the time. The second landed around October 26 or 27, with 4.65 trillion PEPE worth $20.32 million moving out. Combined, the two transfers came to $48.76 million when they happened. Before mid-October, Sun had only minor exposure to the token. His PEPE position was worth around $267,000. The on-chain trail also shows where the tokens traveled. According to the research, the PEPE was first bought on Binance, then moved through Poloniex and HTX be...