【The market is rough, but that hasn’t stopped Sun from making money】
An address suspected of being linked to Justin Sun has withdrawn another 46.5 trillion tokens of $PEPE , worth about $20.32 million. Since October 17, the total amount transferred out has reached $48.76 million. The address holds about 11.8 trillion tokens, with unrealized gains of $2.085 million.
The 24-hour trading volume of $PEPE perpetual futures is about $374 million, compared with roughly $67 million in spot trading. Open interest is around $289 million. Futures volume is about 5.6 times spot volume, indicating that speculative trading is clearly active—but this alone doesn’t prove that bulls have the upper hand. Earlier, from October 19 to 22, 2.11 trillion PEPE tokens flowed back onto exchanges after net outflows, adding to potential selling pressure.
In the short term, the key question is whether the $0.0000042–$0.0000043 range can hold. The first resistance to watch above is $0.0000046, followed by the previous high of $0.0000051. Whale buying offers some room for optimism, but it’s not enough to reverse the pullback structure. A renewed push higher is possible only if support holds and spot volume picks up. If support breaks and futures open interest remains stubbornly high, watch out for a crowded long trade turning into a stampede for the exits. Chasing a rally now could mean buying into excitement that others are preparing to cash out.
An address suspected of being linked to Justin Sun has withdrawn another 46.5 trillion tokens of $PEPE , worth about $20.32 million. Since October 17, the total amount transferred out has reached $48.76 million. The address holds about 11.8 trillion tokens, with unrealized gains of $2.085 million.
The 24-hour trading volume of $PEPE perpetual futures is about $374 million, compared with roughly $67 million in spot trading. Open interest is around $289 million. Futures volume is about 5.6 times spot volume, indicating that speculative trading is clearly active—but this alone doesn’t prove that bulls have the upper hand. Earlier, from October 19 to 22, 2.11 trillion PEPE tokens flowed back onto exchanges after net outflows, adding to potential selling pressure.
In the short term, the key question is whether the $0.0000042–$0.0000043 range can hold. The first resistance to watch above is $0.0000046, followed by the previous high of $0.0000051. Whale buying offers some room for optimism, but it’s not enough to reverse the pullback structure. A renewed push higher is possible only if support holds and spot volume picks up. If support breaks and futures open interest remains stubbornly high, watch out for a crowded long trade turning into a stampede for the exits. Chasing a rally now could mean buying into excitement that others are preparing to cash out.