Sun-linked addresses have accumulated about $51.25 million worth of PEPE, or 2.82% of the supply. The price is up another 14% in 24 hours, but I’m not chasing.
What I saw: Arkham labels addresses linked to Justin Sun as holding a combined $51.25 million worth of PEPE, about 2.82% of the supply—the largest individual holding.
Over the past 10 days, about 11.85 trillion tokens were withdrawn in two transactions, mainly from Poloniex, worth about $48.76 million at the time. The linked addresses are up about 21% on paper.
PEPE is around 0.00000494 on Binance spot, up about 14.4% in 24 hours, with a high of 0.00000505 and a low of 0.00000426. It’s now about 16% above the MA20 at roughly 0.00000427.
My take: When one person holds nearly 3% of a MEME coin’s supply, the narrative can drive the price up—or liquidity can vanish in a flash. Chasing after the rally means holding the door open for someone else.
What I’m doing: Not chasing. I’ll take another look if it holds above today’s high of 0.00000505. If it drops below the 24-hour low of 0.00000426, I’ll consider this breakout attempt a failure.
Will it hit 505 first or pull back to 426? Hit 505 / Pull back
$PEPE $DOGE
#PEPE #MEME币
What I saw: Arkham labels addresses linked to Justin Sun as holding a combined $51.25 million worth of PEPE, about 2.82% of the supply—the largest individual holding.
Over the past 10 days, about 11.85 trillion tokens were withdrawn in two transactions, mainly from Poloniex, worth about $48.76 million at the time. The linked addresses are up about 21% on paper.
PEPE is around 0.00000494 on Binance spot, up about 14.4% in 24 hours, with a high of 0.00000505 and a low of 0.00000426. It’s now about 16% above the MA20 at roughly 0.00000427.
My take: When one person holds nearly 3% of a MEME coin’s supply, the narrative can drive the price up—or liquidity can vanish in a flash. Chasing after the rally means holding the door open for someone else.
What I’m doing: Not chasing. I’ll take another look if it holds above today’s high of 0.00000505. If it drops below the 24-hour low of 0.00000426, I’ll consider this breakout attempt a failure.
Will it hit 505 first or pull back to 426? Hit 505 / Pull back
$PEPE $DOGE
#PEPE #MEME币
