Justin Sun becomes top individual PEPE holder with $51.25M position, Arkham data shows
Arkham reported that wallets linked to Justin Sun hold 2.82% of the PEPE supply, worth $51.25 million, making him the token's largest individual holder outside centralized exchanges.
Wallets labeled and tentatively attributed to Justin Sun have accumulated approximately 11.85 trillion PEPE tokens worth about $51.25 million, according to data from Arkham Intelligence. The holdings represent 2.82% of the token's total supply, establishing Sun as the largest individual PEPE holder on Ethereum. Outside of exchange wallets controlled by Binance, Robinhood Crypto, and Coinbase, no other wallet cluster approaches this total.[1][3][7][9]
The vast majority of the tokens moved into Sun-associated wallets over a 10-day period. Prior to mid-October, Sun's PEPE holdings were valued at roughly $267,000. Arkham tracked two major transfers from Poloniex to associated addresses on October 17 and October 26, worth roughly $28.44 million and $20.32 million, respectively, for a combined $48.76 million. In the same general timeframe, between October 15 and October 25, wallets labeled as belonging to Sun transferred around $77 million in stablecoins to Poloniex.[1][4][7][9]
Market observers noted that because Poloniex is connected to Sun, some of the transfers may represent internal exchange shuffling rather than fresh spot market purchases. Following reports of the massive position, PEPE rallied between 12% and 15% as traders reacted to the accumulation news.[1][2][5][6][8]
Key facts
- Wallets linked to Justin Sun hold 2.82% of the PEPE supply, totaling approximately 11.85 trillion tokens worth $51.25 million, according to Arkham Intelligence.
- Sun is the largest individual holder of PEPE, with only exchange wallets belonging to Binance, Robinhood Crypto, and Coinbase holding larger amounts.
- Sun's PEPE holdings were valued at around $267,000 before October 17.
- Two transfers from Poloniex to Sun-associated wallets on October 17 and October 26 delivered $48.76 million worth of PEPE tokens.
- Sun-labeled addresses moved approximately $77 million in stablecoins to Poloniex between October 15 and October 25.
- Because Poloniex is connected to Sun, observers noted the transfers may have been internal reallocations rather than new open-market acquisitions.
- PEPE's price jumped 12% to 15% following news reports of Sun's token accumulation.
Sources · 8 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 - BS
BSCN@BSCNewsPost on X ·
PEPE sees sharp surge on Justin Sun News... $PEPE rallied 15% in the last 24 hours after reports that wallets linked to Justin Sun are amassing a $51.25 million position through withdrawals from Poloniex. The position is reportedly the largest single position held by anyone outside exchanges, and it is boosting the meme token. Poloniex is Justin Sun's exchange, so some transactions may be internal movements rather than open-market purchases. For now, the market is reacting to the news headline.
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 is now the largest individual $PEPE holder, with $51.25M in tokens Arkham says wallets linked to Sun hold 2.82% of PEPE’s supply after receiving $48.76M in withdrawals from Poloniex on Oct. 17 and 26, up from just $267,000 before Oct. 17. https://t.co/XaRp7qtV3W
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 - CO
CoinGape@CoinGapeMediaPost on X ·
⚡️ Pepe Coin Price Jumps 15% as Justin Sun Buys $51M in $PEPE: Is More Upside Ahead? 🔗 Know more in comments
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨 NEW: Justin Sun holds more $PEPE than any other individual, Arkham reports. His official and Arkham-predicted wallets collectively hold nearly 3% of PEPE’s supply, worth $51.25 MILLION, following massive inflows over the past 10 days. Two withdrawals from Poloniex alone delivered $48.76 MILLION in PEPE on October 17 and 26. Before October 17, Sun held just $267,000 worth. Sun also transferred $77 MILLION in stablecoins to Poloniex between October 15 and 25. Only exchange wallets hold larger balances. His combined 2.82% stake puts him ahead of every other individual holder identified in Arkham’s analysis.
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐏𝐄𝐏𝐄 𝐏𝐫𝐢𝐜𝐞 𝐉𝐮𝐦𝐩𝐬 𝟏𝟐% 𝐚𝐬 𝐉𝐮𝐬𝐭𝐢𝐧 𝐒𝐮𝐧 𝐖𝐚𝐥𝐥𝐞𝐭𝐬 𝐒𝐩𝐚𝐫𝐤 𝐖𝐡𝐚𝐥𝐞 𝐅𝐨𝐜𝐮𝐬 PEPE price climbed nearly 12% as Arkham linked 2.82% of supply to Justin Sun and whale transfers continued. Spot outflows and rising futures activity added to market scrutiny. #PEPE #PEPEPrice #CryptoNews #MemeCoins #OnChain #CryptoMarket #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/ToSI8LLUA0
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