【Did Justin Sun nail the timing again? PEPE surges 15.8% in a day, with a 21% unrealized gain after holding for half a month】
PEPE has surged 15.8% in the past 24 hours and is currently trading at $0.00000498. On-chain data shows that an address identified as being associated with Justin Sun withdrew 4.65 trillion PEPE from Poloniex early this morning, worth approximately $20.32 million.
Since October 17, the address has spent a cumulative $48.76 million building its position. It now holds 11.8 trillion tokens, giving it an unrealized gain of 21% at the current price.
Does a major investor’s publicly visible accumulation of a leading meme coin signal a recovery in market sentiment?
I. The main driver of the rally: A major investor’s highly visible entry lights up market sentiment
The most direct force behind PEPE’s rise is continued accumulation by a major investor.
Justin Sun’s address is clearly visible on-chain. It has built its position in batches over the past two weeks, investing nearly $50 million in total. Today, it withdrew another large amount of tokens to a private wallet—effectively telling the market, “I’m still adding to my position,” and directly spurring others to follow.
Meme coin prices are driven primarily by sentiment and capital. When a player with deep pockets leads the charge, speculative traders and retail investors can easily follow suit, creating a short-term wave of buying pressure.
II. What it signals: Market risk appetite is recovering
PEPE’s sudden move is not just about one token; it is also a barometer of sentiment across the broader market.
Meme coins are the highest-risk-appetite sector in crypto. When the broader market weakens, these coins tend to fall the hardest. When investors are willing to return to meme coins, it suggests that fear is easing and risk appetite is recovering.
Previously, only blue-chip tokens held steady. Now leading meme coins are starting to move, suggesting the market is shifting from a purely defensive stance toward selective risk-taking, with more opportunities emerging across specific sectors.
III. Don’t focus only on the gains—be clear-eyed about the risks
One thing needs to be said plainly: making money with meme coins is no easy feat.
A major investor has enough capital to drive prices up and build momentum, or to dump tokens and exit—the initiative is entirely in their hands. A 21% unrealized gain may not sound like much, but it is enough for a major investor to take profits at any time.
Retail investors who chase a sharp rally can easily end up buying at the top. These highly volatile assets can rise fast and fall even faster. There may be plenty of chances to make quick money, but they can also become worthless just as quickly. Before following the crowd, be sure you can handle the volatility.
PEPE has surged 15.8% in the past 24 hours and is currently trading at $0.00000498. On-chain data shows that an address identified as being associated with Justin Sun withdrew 4.65 trillion PEPE from Poloniex early this morning, worth approximately $20.32 million.
Since October 17, the address has spent a cumulative $48.76 million building its position. It now holds 11.8 trillion tokens, giving it an unrealized gain of 21% at the current price.
Does a major investor’s publicly visible accumulation of a leading meme coin signal a recovery in market sentiment?
I. The main driver of the rally: A major investor’s highly visible entry lights up market sentiment
The most direct force behind PEPE’s rise is continued accumulation by a major investor.
Justin Sun’s address is clearly visible on-chain. It has built its position in batches over the past two weeks, investing nearly $50 million in total. Today, it withdrew another large amount of tokens to a private wallet—effectively telling the market, “I’m still adding to my position,” and directly spurring others to follow.
Meme coin prices are driven primarily by sentiment and capital. When a player with deep pockets leads the charge, speculative traders and retail investors can easily follow suit, creating a short-term wave of buying pressure.
II. What it signals: Market risk appetite is recovering
PEPE’s sudden move is not just about one token; it is also a barometer of sentiment across the broader market.
Meme coins are the highest-risk-appetite sector in crypto. When the broader market weakens, these coins tend to fall the hardest. When investors are willing to return to meme coins, it suggests that fear is easing and risk appetite is recovering.
Previously, only blue-chip tokens held steady. Now leading meme coins are starting to move, suggesting the market is shifting from a purely defensive stance toward selective risk-taking, with more opportunities emerging across specific sectors.
III. Don’t focus only on the gains—be clear-eyed about the risks
One thing needs to be said plainly: making money with meme coins is no easy feat.
A major investor has enough capital to drive prices up and build momentum, or to dump tokens and exit—the initiative is entirely in their hands. A 21% unrealized gain may not sound like much, but it is enough for a major investor to take profits at any time.
Retail investors who chase a sharp rally can easily end up buying at the top. These highly volatile assets can rise fast and fall even faster. There may be plenty of chances to make quick money, but they can also become worthless just as quickly. Before following the crowd, be sure you can handle the volatility.
