Sun 🈹 just dropped $50 million to “stock up” on $PEPE . Is this a move worth following? 🚨
According to Arkham monitoring, wallets linked to Justin Sun have withdrawn nearly 118.5 trillion $PEPE tokens (about $48.76 million) over the past 10 days—almost 3% of the total supply. He’s become the largest individual holder, with unrealized gains now topping $2 million.
Veteran crypto traders probably felt a jolt when they saw this news. Sun certainly has nerve, but we need to understand the logic behind it:
1️⃣ Highly concentrated ownership, with a sword hanging overhead: Nearly 3% of the tokens are in one person’s hands. If he decides to dump and cash out, who could absorb all that selling pressure?
2️⃣ Beware of emotional bait: The group chats will soon be shouting “let’s ape into this shitcoin” again. Don’t get swept up in the news and chase a long position. Follow Sun for a slice of the profits, and you might find he’s taken the whole bowl. Best to just watch!
Do you think Sun plans to hold for the long term this time, or pump it and then bail?
According to Arkham monitoring, wallets linked to Justin Sun have withdrawn nearly 118.5 trillion $PEPE tokens (about $48.76 million) over the past 10 days—almost 3% of the total supply. He’s become the largest individual holder, with unrealized gains now topping $2 million.
Veteran crypto traders probably felt a jolt when they saw this news. Sun certainly has nerve, but we need to understand the logic behind it:
1️⃣ Highly concentrated ownership, with a sword hanging overhead: Nearly 3% of the tokens are in one person’s hands. If he decides to dump and cash out, who could absorb all that selling pressure?
2️⃣ Beware of emotional bait: The group chats will soon be shouting “let’s ape into this shitcoin” again. Don’t get swept up in the news and chase a long position. Follow Sun for a slice of the profits, and you might find he’s taken the whole bowl. Best to just watch!
Do you think Sun plans to hold for the long term this time, or pump it and then bail?
