Justin Sun May Be the Largest Private Holder of Meme Coin PEPE
Analysts from Arkham have tracked nearly $49 million worth of PEPE tokens moving to wallets linked to Tron founder Justin Sun over the past 10 days, accounting for 2.82% of the meme coin's total supply.
PEPE Token Movements
According to Arkham, PEPE tokens were initially purchased on Binance, then transferred to Poloniex, moved through HTX, returned to Poloniex, and finally sent to wallets linked to Justin Sun.
Ownership Confirmation Level
Ownership of all identified wallets by Sun is not fully confirmed. Arkham's profile page lists $32 million in PEPE on wallets considered verified to belong to him.
Overall Asset Estimate
Arkham estimates that PEPE tokens on wallets linked to Sun represent 2.2% of his total on-chain assets, valued at $2.3 billion.
Why it matters
If the wallets are confirmed to belong to Sun, this would make him the largest private holder of PEPE, highlighting notable investor interest in meme coins.
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