Justin Sun-linked wallets hold $51.25M in PEPE (2.82% of supply), making him potentially the largest individual holder based on Arkham's tracking.
Ecosystem ·
Blockchain analytics firm Arkham has identified wallets attributed to Justin Sun holding approximately $51.25 million in PEPE tokens, equivalent to 2.82% of the token's total supply, potentially positioning him as the largest individual holder. Arkham tracked two inbound transfers from Poloniex exchange to these wallets on October 17 and 26, valued at $28.44 million and $20.32 million respectively.
The accumulation pattern extends beyond the direct PEPE purchases. Between October 15 and 25, wallets labeled as belonging to Sun transferred approximately $77 million in stablecoins to Poloniex, consistent with preparation for token acquisitions. Prior to consolidation in Sun-linked addresses, portions of the PEPE holdings had circulated through major exchanges including Binance and HTX.
The precise timing and sequencing of stablecoin transfers relative to PEPE inflows, combined with Arkham's labeling methodology, establishes a coherent purchase narrative. However, the attribution relies on Arkham's wallet clustering and labeling, which the firm itself characterizes as tentative, leaving open whether all identified wallets are definitively tied to a single actor or beneficial owner.