PEPE Soars 17% Daily: Did Justin Sun Fuel the Pump?

Sun supposedly became the largest individual holder of PEPE. The frog-themed meme coin has posted a substantial price increase over the past 24 hours, jumping to around $0.000005, while its market capitalization has exceeded the $2 billion psychological level. Multiple analysts see room for further near-term upside, with some signals pointing to TRON’s Justin Sun as a potential catalyst for the recent rally. What Happened and What’s Next? PEPE has outperformed many of the leading cryptocurrencies, including BTC, ETH, and XRP, today (October 28), and the main reason appears to be Sun’s increased exposure to the token. The X account BSCN cited data from Arkham Intelligence that the Chinese businessman now owns 11.85 trillion coins (worth over $51.2 million), or about 2.82% of the circulating supply. “Most of that came in over the past ten days, when two large withdrawals from Poloniex occurred on October 17 and October 26. His previous PEPE holdings were valued at around $267,000 until mid-October,” the announcement reads. In fact, Sun is among the biggest PEPE holders, with only Binance, Robinhood, and Coinbase controlling more tokens than he does. BSCN made an important disclaimer ...