TLDR
- PEPE is trading above $0.00000494, up over 15% this week.
- Arkham Intelligence says Justin Sun-linked wallets hold about 2.82% of supply, worth $51.25 million.
- Two Poloniex withdrawals on October 17 and 26 moved $48.76 million of PEPE to Sun-linked wallets.
- Santiment’s social dominance for PEPE hit 1.209%, its highest since mid-April.
- Funding rates turned positive at 0.013%, and the next resistance sits at $0.00000521.
Pepe (PEPE) is trading above $0.00000494 on Wednesday, up more than 15% so far this week. The move follows a report that wallets linked to Tron founder Justin Sun hold nearly 3% of the meme coin’s supply.
Arkham Intelligence posted on X on Tuesday that Sun is the top individual PEPE holder. The firm values the holdings at $51.25 million across confirmed and suspected wallets.
Is Justin Sun the Top PEPE Holder?
Between his official and predicted wallets, Justin Sun holds almost 3% of the PEPE supply, worth $51.25M.
These PEPE tokens moved into his wallets in the past 10 days – making him the top individual holding PEPE. pic.twitter.com/rrZdRaD6W5
— Arkham (@arkham) October 27, 2026
CoinGecko said PEPE was up 12.3% on the day after the Arkham report. The post noted that Sun has built a position of more than $50 million.
How Sun’s Holdings Grew
Arkham says the tokens arrived over the past 10 days. The holdings equal 2.82% of the total supply, making Sun the largest individual holder outside exchanges.
Two large withdrawals from Poloniex made up most of the position. On October 17, about 7.2 trillion PEPE worth $28.44 million moved to a Sun-linked wallet. On October 26, another 4.65 trillion PEPE worth $20.32 million followed.
Together, the transfers were worth $48.76 million at the time. Before October 17, Sun held about 68 billion PEPE, worth $267,000.
Arkham traced the tokens through Binance, Poloniex and HTX. It also found $77 million in stablecoin transfers from Sun-linked wallets to Poloniex between October 15 and October 25. The firm did not confirm that these funds were used to buy the PEPE.
PEPE has a market value of about $1.81 billion. Binance holds 18.7% of the supply, followed by Robinhood at 8.37%.
Market data shows rising interest. Santiment’s Social Dominance metric for PEPE reached 1.209% on Wednesday, the highest level since mid-April. The metric tracks PEPE’s share of crypto media discussion.
Derivatives numbers have also improved. CoinGlass data shows funding rates turned positive on Tuesday and read 0.013% on Wednesday. That means long traders are paying short traders.
The long-to-short ratio stands at 1.06. A reading above one means more traders are betting on a price rise.
Analyst Sweep said on X that PEPE keeps forming higher highs and higher lows. Sweep added that if Bitcoin holds near $80,000, PEPE could see a big rally.
$PEPE is consistently forming higher highs and higher lows
If BTC holds around $80K, PEPE could pull a big rally pic.twitter.com/KYo2lGUaK2
— Sweep (@0xSweep) October 27, 2026
On the daily chart, the Relative Strength Index reads 64, below the overbought level of 70. The MACD showed a bullish crossover last week that remains in place.
If gains continue, the next daily resistance is $0.00000521. If PEPE pulls back, the 50-day Exponential Moving Average at $0.00000412 is the nearest support.
As of press time, Sun has not publicly commented on the Arkham findings. Arkham values his total on-chain portfolio at about $2.29 billion.
