Justin Sun-Linked Wallets Hold 2.82% of PEPE Supply

Arkham Intelligence estimates that wallets linked to Justin Sun held about 2.82% of PEPE’s supply, worth approximately $51.25 million on October 27, 2026. The estimate includes addresses Arkham attributes to Sun and others it predicts may be linked to him, so ownership is not confirmed for every wallet. Sun had not publicly acknowledged the reported holdings as of that date. Two withdrawals from Poloniex—7.2 trillion PEPE on October 17 and 4.65 trillion on October 26—totaled 11.85 trillion tokens, valued at about $48.76 million at the time. Arkham also traced $77 million in stablecoin transfers from Sun-linked wallets to Poloniex, but did not confirm that the funds were used to buy PEPE. Exchange withdrawals show tokens moving off-platform; they do not establish when or at what price tokens were bought, or prove an intention to sell. The reported PEPE whale holding could attract trader attention, but its concentration also presents potential selling-pressure risk. For a fixed 11.85 trillion PEPE position, a $0.000001 price move changes its quoted value by $11.85 million—an estimate, not guaranteed sale proceeds, since liquidity and market impact affect execution. Traders may monitor attributed wallet balances and exchange deposits, while remembering that transfers alone do not confirm a sale. PEPE remains a speculative memecoin whose price can react sharply to sentiment, liquidity and whale activity.
Neutral
The reported holding may draw short-term attention to PEPE and encourage speculative trading, especially because a large wallet concentration can be interpreted as a sign of interest. However, the evidence does not confirm that Sun owns every attributed address, that the stablecoin transfers funded PEPE purchases, or that the withdrawn tokens will be sold. Withdrawals are not inherently bullish or bearish, and any price response may depend more on sentiment, liquidity and subsequent wallet activity. Over the longer term, a concentrated position could amplify volatility if tokens move to exchanges or are sold, while the reported holding alone does not establish a sustained demand trend. These mixed signals support a neutral assessment.