$TRX Sun Yuchen, in the second half of October 2026, had cumulatively built a position of about 11.85 trillion $PEPE tokens, with holdings accounting for about 2.82% of the total supply, becoming the largest individual holder outside exchanges. The logic behind this can be broken down into three considerations
1. The target has trading-game liquidity depth at the hundreds-of-millions-of-dollars level, with no founder IP and no official foundation.
2. Traffic and ecosystem chips turn "publicly buying memes" into marketing material for platform traffic and brand PR.
3. Attention asset PEPE is a globally shared cultural symbol that crosses languages and positions; its attention value is far higher than new projects piled together in the short term by code or KOL $SOL .

The 18-year evolution of PEPE
1. Comic prototype and emoji evolution (2005–2014)
Character creation (2005): Cartoonist Matt Furie created Pepe in Boy's Club, portraying him as a casual, Zen-like frog
2. On-chain crypto art pioneer (2014–2016)
Rarity experiment (2014–2015): The 4chan community launched the "Rare Pepe"玩法, creating digital scarcity by watermarking images and starting high-priced auctions on platforms such as eBay.
3. Political hijacking and creator alienation (2015–2018)
Right-wing symbolization (2015–2016): Pepe was labeled with political and racial associations by some extremist groups.
4. Decentralized redefinition and ERC-20 listing (2019–2026)
Symbol desensitization (2019): During the Hong Kong street movement, Pepe was given a new meaning by young people, proving that as a "cultural container" it is not bound to a single political stance.
One more reminder: the coin held by Sun Kong has been moving quite wildly, and if you want to follow it, you need to be fully prepared
Still holding PEPE now?