Justin Sun becomes top individual PEPE holder with 51 million dollar stake, Arkham reports
On-chain intelligence firm Arkham reported that wallets linked to Justin Sun now hold 2.82% of the PEPE supply, valued at roughly $51.25 million.
Blockchain intelligence platform Arkham revealed that official and predicted wallets tied to Justin Sun hold nearly 3% of the total PEPE supply, making him the meme token's largest individual holder. Sun's stash amounts to approximately 11.85 trillion PEPE tokens valued at roughly $51.25 million. Outside of centralized exchange entities Binance, Robinhood Crypto, and Coinbase, no other wallet cluster holds a comparable balance.[3][1][6][4][2]
The vast majority of the tokens entered Sun's wallets over a 10-day period. Prior to mid-October, his known PEPE holdings were valued at only about $267,000. Arkham tracked two major transfers from Poloniex on October 17 and October 26 totaling $48.76 million, consisting of individual transactions worth roughly $28.44 million and $20.32 million. In addition, addresses labeled as Sun's sent roughly $77 million in stablecoins to Poloniex between October 15 and October 25, while portions of the PEPE had previously rotated across Binance, HTX, and Poloniex.[1][3][6][7]
Market observers noted an important caveat to the massive accumulation: Sun's close connection to Poloniex means the transfers could be internal movements rather than new open-market acquisitions. Crypto commentator Kook Capital highlighted that every token originated directly from Poloniex, suggesting the activity could simply reflect the exchange shuffling its own balances rather than Sun making fresh spot purchases.[1][4][5][7]
Key facts
- Arkham reported that wallets linked to Justin Sun hold about 11.85 trillion PEPE tokens, representing 2.82% of the supply and worth around $51.25 million.
- Sun is the largest individual holder of PEPE, with only Binance, Robinhood Crypto, and Coinbase owning larger supplies.
- Before the recent transfers, Sun's PEPE holdings were valued at approximately $267,000.
- The tokens entered Sun's wallets through two withdrawals from Poloniex on October 17 and October 26 valued at $28.44 million and $20.32 million, totaling $48.76 million.
- Wallets labeled as Sun's transferred approximately $77 million in stablecoins to Poloniex between October 15 and October 25.
- Because of Sun's association with Poloniex, observers pointed out that the transfers might be internal exchange movements rather than open-market token buys.
Sources · 7 sources
- BS
BSCN@BSCNewsPost on X ·
Did Justin Sun Just Make a Massive Bet on PEPE? According to data from @Arkham Intelligence, Justin Sun owns about 2.82% of all available $PEPE tokens, totaling about 11.85 trillion tokens worth about $51.25 million. 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. Only @Binance, @RobinhoodCrypto, and @Coinbase own more than him. No other wallet cluster comes close. However, there's a caveat: Poloniex is connected to Sun's wallet, so some of these transactions might have been internal rather than new market acquisitions. Regardless, Sun definitely has a stake in PEPE now.
Open source - CB
Crypto BriefingArticle ·
Justin Sun emerges as top individual holder of PEPE with $51.25 million Sun's significant PEPE holdings could influence market dynamics, highlighting the impact of concentrated ownership in volatile meme tokens. The post Justin Sun emerges as top individual holder of PEPE with $51.25 million appeared first on Crypto Briefing .
Open source - AR
Arkham@arkhamPost on X ·
Is Justin Sun the Top PEPE Holder? Between his official and predicted wallets, Justin Sun holds almost 3% of the PEPE supply, worth $51.25M. These PEPE tokens moved into his wallets in the past 10 days - making him the top individual holding PEPE. https://t.co/rrZdRaD6W5
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Justin Sun holds 2.82% of the entire $PEPE supply Arkham data shows Sun’s holdings at 11.85T $PEPE worth about $51.25M, following large Poloniex withdrawals, though some transfers may have been internal. https://t.co/mTpHlzHvc2
Open source - KO
kook@KookCapitalLLCPost on X ·
justin sun is currently, as we speak, the top $pepe whale almost 3% of supply, about $52m, all in 10 days....... funny part, every token came out of poloniex his own exchange 😂 either justin is buying memes or poloniex is moving its own bags either way thats a lot of frog for one guy
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨JUSTIN SUN IS NOW THE TOP INDIVIDUAL PEPE HOLDER! @arkham says @justinsuntron official and predicted wallets now hold almost 3% of the total ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 supply, worth roughly $51.25M. The tokens moved into his wallets over the past 10 days. Outside of exchanges, no other individual holder comes close to his combined 2.82% stake. He previously held only $267K worth of ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Arkham: Justin Sun-Linked Wallets Hold $51.25M in PEPE, Accounting for 2.82% of Supply According to Arkham, wallets it has labeled or tentatively attributed to Justin Sun collectively hold approximately $51.25 million in PEPE, representing 2.82% of the token's total supply, potentially making him the largest individual PEPE holder. Arkham tracked two transfers from Poloniex to the associated wallets on October 17 and 26, worth approximately $28.44 million and $20.32 million, respectively, totaling $48.76 million. Between October 15 and 25, wallets already labeled as belonging to Sun also transferred approximately $77 million in stablecoins to Poloniex. Some of the PEPE had previously moved between Binance, HTX and Poloniex.
Open source