Has Justin Sun made a big bet on $PEPE?
According to Arkham Intelligence, Justin Sun currently owns approximately 2.82% of the $PEPE tokens in circulation. That’s around 11.85 trillion tokens, worth approximately $51.25 million.
Most of this position was built up over the past ten days. Two large withdrawals were made from Poloniex on October 17 and 26.
Until mid-October, his PEPE holdings were worth only around $267,000.
Currently, only Binance, Robinhood, and Coinbase hold more tokens than he does. No other group of wallets comes close.
One thing to keep in mind: Poloniex is linked to Sun’s wallet, so some of these transfers may have been internal transfers rather than new purchases on the market.
In any case, he now has a substantial stake in PEPE.
According to Arkham Intelligence, Justin Sun currently owns approximately 2.82% of the $PEPE tokens in circulation. That’s around 11.85 trillion tokens, worth approximately $51.25 million.
Most of this position was built up over the past ten days. Two large withdrawals were made from Poloniex on October 17 and 26.
Until mid-October, his PEPE holdings were worth only around $267,000.
Currently, only Binance, Robinhood, and Coinbase hold more tokens than he does. No other group of wallets comes close.
One thing to keep in mind: Poloniex is linked to Sun’s wallet, so some of these transfers may have been internal transfers rather than new purchases on the market.
In any case, he now has a substantial stake in PEPE.
