Pepe ($PEPE), an Ethereum memecoin themed around a frog, has mostly climbed over the past 30 days, with demand for memecoins showing little sign of easing. The token is trading near $0.0000052, up 1.7% over the past 24 hours. Several major on-chain transactions have influenced its price since mid-October.
Justin Sun Linked to Largest Individual $PEPE Holding
According to CryptoNews, about 7.2 trillion $PEPE, valued at roughly $28.44 million, moved from Poloniex to a wallet linked to Tron founder @justinsuntron on October 17. A second transfer of 4.65 trillion tokens followed on October 26.
Blockchain analytics company Arkham Intelligence later attributed about 3% of the $PEPE supply to wallets it associates with Sun. Crypto Briefing reported that Arkham's estimates put the share at roughly 2.82% to 3%, which would make Sun the largest individual holder. Before the first transfer, wallets Arkham links to Sun held just about 68 billion $PEPE, worth around $267,000.
These figures are based on Arkham's wallet attributions, not a statement from Sun. Cryptonews.net noted that Sun has not publicly commented on the holdings attributed to him. Arkham traced the tokens from Binance via Poloniex and HTX before they arrived in the wallets.
Binance Attacker Sells 7.77 Trillion $PEPE
On October 22, $PEPE rose about 6% as futures trading volume approached $900 million.
According to Lookonchain data cited by Crypto.news, the attacker behind the October 29 Binance breach sold 7.77 trillion $PEPE, worth about $31.66 million, on October 30. The tokens were sold at an average price of nearly $0.0000041 as part of a broader sale involving several assets. Binance estimated that the breach affected about $6.3 billion in cryptocurrency, the same report said.
The price briefly fell before buyers absorbed the sale. BigGo Finance reported that $PEPE recovered to $0.00000511 on October 30, rising 12% over 24 hours after a large wallet purchased another 45.08 billion tokens.
More recently, $PEPE climbed more than 4% in an hour on November 9.
Memecoins remain highly volatile, and large wallet transactions can move prices quickly. Estimates of holdings attributed to named individuals may change as analytics providers revise their data.
Sources
Crypto Briefing: Justin Sun emerges as top individual holder of $PEPE
CryptoNews: $PEPE Price Nears Breakout With Justin Sun Now Top Holder
Crypto.news: $PEPE price falls after Binance hacker dump
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