Pepe ($PEPE), the frog-themed memecoin on Ethereum, has been on the rise for most of the past 30 days, as demand for memecoins shows little sign of fading. The token trades around $0.0000052, up 1.7% over the past 24 hours. Several large on-chain moves have shaped the price since mid-October.

Justin Sun Linked to Largest Individual $PEPE Position

On October 17, about 7.2 trillion $PEPE, worth roughly $28.44 million, moved from Poloniex into a wallet linked to Tron founder @justinsuntron, according to CryptoNews. A second transfer of 4.65 trillion tokens followed on October 26.

Blockchain analytics firm Arkham Intelligence later attributed roughly 3% of $PEPE's supply to wallets it links to Sun. Crypto Briefing reported that Arkham's estimates range from about 2.82% to 3%, making Sun the largest individual holder. Before the first transfer, the wallets Arkham ties to Sun held only about 68 billion $PEPE, worth around $267,000.

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The figures rest on Arkham's wallet attributions rather than 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 through Poloniex and HTX before they reached the wallets.

Binance Attacker Sells 7.77 Trillion $PEPE

On October 22, $PEPE gained about 6% as futures trading volume neared $900 million.

On October 30, the attacker behind the October 29 Binance breach sold 7.77 trillion $PEPE, worth about $31.66 million, according to Lookonchain data cited by Crypto.news. The tokens were sold at an average price near $0.0000041 as part of a wider sale of several assets. Binance estimated the breach affected about $6.3 billion in cryptocurrency, the same report said.

The price dipped briefly before buyers absorbed the sale. BigGo Finance reported that $PEPE rebounded to $0.00000511 on October 30, up 12% over 24 hours, after a large wallet bought a further 45.08 billion tokens.

More recently, $PEPE rose more than 4% in a single hour on November 9.

Memecoins remain highly volatile, and large wallet movements can shift prices quickly. Attribution of holdings to named individuals is an estimate and may change as analytics providers update 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