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Altcoins & DeFi

Arkham links $51.25 million in PEPE to Justin Sun wallets, 2.82% of supply

Image: CoinTurk News

Arkham Intelligence has identified cryptocurrency wallets reportedly linked to Justin Sun, the founder of Tron , that hold approximately $51.25 million worth of PEPE , representing 2.82% of the meme coin’s total supply. If verified, this would position Sun as the largest known individual holder of PEPE. Arkham Intelligence reported two significant PEPE transfers to wallets attributed to Sun. On October 17 and October 26, these wallets received PEPE from the exchange Poloniex, with the transactions amounting to $28.44 million and $20.32 million, respectively. Together, the transfers totaled $48.76 million, further increasing the concentration of PEPE within these addresses. Arkham’s dashboard labels wallets based on its attribution methodology but clarifies that such attributions do not serve as definitive proof that Sun directly controls the assets.

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