💥✨️ $PEPE Justin Sun’s connection to 2.82% of PEPE’s supply — does this pose whale-sized liquidity risks?
Arkham Intelligence reported on October 27 that wallets officially labeled as or analytically attributed to Justin Sun held around $51.25 million worth of $PEPE , representing 2.82% of its supply.
The PEPE transferred through two withdrawals from Poloniex on October 17 and 26 was worth $48.76 million. Arkham also detected $77 million in stablecoin transfers to Poloniex.
Jimos Barsa’s market view: The bigger story is not just whale accumulation, but supply concentration. A large position attributed to an entity could affect market sentiment, while any future sale could test available liquidity.
More importantly, ownership of some wallets remains speculative, and a withdrawal from an exchange alone does not establish the timing of a purchase or the holder’s intentions.
Will traders interpret this concentration as a sign of confidence, or recognize the potential liquidity risks?
$PEPE
Arkham Intelligence reported on October 27 that wallets officially labeled as or analytically attributed to Justin Sun held around $51.25 million worth of $PEPE , representing 2.82% of its supply.
The PEPE transferred through two withdrawals from Poloniex on October 17 and 26 was worth $48.76 million. Arkham also detected $77 million in stablecoin transfers to Poloniex.
Jimos Barsa’s market view: The bigger story is not just whale accumulation, but supply concentration. A large position attributed to an entity could affect market sentiment, while any future sale could test available liquidity.
More importantly, ownership of some wallets remains speculative, and a withdrawal from an exchange alone does not establish the timing of a purchase or the holder’s intentions.
Will traders interpret this concentration as a sign of confidence, or recognize the potential liquidity risks?
$PEPE
