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Altcoins & DeFi

Justin Sun Holds $51M in PEPE: What Other Memecoins Could End Up in His Portfolio?

Image: Cryptonews

Justin Sun has emerged as PEPE largest identified individual holder, with wallets linked to the TRON founder holding approximately $51.25 million in the memecoin. Arkham Intelligence reported on October 27 that Sun’s wallets controlled 2.82% of PEPE’s total supply. Arkham traced most of the reported position to two withdrawals from Poloniex. On October 17, approximately 7.2 trillion PEPE tokens worth $28.44 million moved into a Sun-linked wallet. Another 4.65 trillion tokens worth $20.32 million followed on October 26. Before the first transfer, Sun’s attributed PEPE holdings amounted to 68 billion tokens worth $267,000. The two withdrawals brought his position to around 11.85 trillion PEPE tokens. Arkham’s findings put Sun ahead of other identified individual holders outside exchanges.

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