Pepe ($PEPE) is gaining more than most major memecoins, while rivals such as Shiba Inu ($SHIB) trade near multi-month lows. CoinGecko data shows the token up roughly 33% over the month, although figures differ by date and data provider. A crypto market guide citing CoinGecko reported a one-month change of +27.54% in early November.
Justin Sun-Linked Wallets Draw Attention
One major talking point is a report by blockchain analytics firm Arkham Intelligence. Crypto Briefing said Arkham data shows wallets attributed to Tron founder Justin Sun holding $51.25 million worth of $PEPE, making him the token’s largest individual holder.
Arkham estimated the holding at roughly 2.82% of the token’s supply. CryptoNewsZ reported that most of the accumulation occurred in the 10 days before the report, and that the wallets held only about $267,000 worth of $PEPE before October 16. The report also said Sun has not confirmed the position and that Arkham’s attribution relies partly on algorithmic prediction rather than verification.
According to Blockonomi, $PEPE climbed nearly 12% to about $0.0000048 on October 28 after the Arkham report; the outlet also cited increased futures activity.
Relative Strength Against Shiba Inu
Shiba Inu has gone in the opposite direction. CryptoTicker reported that CoinGecko data put $SHIB at $0.00000430 on November 9, its lowest level since July. Coinedition reported that $SHIB’s market value, at about $2.61 billion, remains higher than $PEPE’s, at roughly $2 billion.
The same analysis said $PEPE’s rally has lost momentum since the token reached $0.00000567 in late October. It has since traded sideways between roughly $0.00000470 and $0.00000530.
Memecoins can turn around quickly, and a recent price increase does not guarantee further gains. Large holders may also move tokens at short notice, adding to volatility. This is not investment advice.
Sources
Crypto Briefing: Justin Sun emerges as top individual holder of $PEPE
CryptoNewsZ: $PEPE rallies as Justin Sun-linked wallets amass 3% of supply
CryptoTicker: Shiba Inu price and yearly low
Source: bsc.news. Adapted by NBTC.
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