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Justin Sun's two wallets have cumulatively received $48.76 million worth of PEPE, raising his holdings value to $51.01 million.

Oct 27, 20:27

On October 27, the on-chain analytics platform Arkham (@arkham) monitored that two wallets associated with Justin Sun received PEPE in two installments from Poloniex on October 17 and 26: 7.2 trillion tokens (approximately $28.44 million) on October 17 and 4.65 trillion tokens (approximately $20.32 million) on October 26, totaling around $48.76 million. These tokens are suspected to have been initially purchased from Binance, subsequently routed through Poloniex and HTX back to Poloniex, before ultimately being transferred to Justin Sun's wallets.

During the same period, Justin Sun transferred $77 million in stablecoins to Poloniex in six installments between October 15 and 25, consisting of $60 million in USDT and $17 million in USDC, with the funds previously redeemed from Spark/AAVE and Sky.

Prior to October 17, Justin Sun held approximately $267,000 worth of PEPE (68 billion tokens). The two wallets currently hold positions valued at around $51.01 million, an increase of over $2 million since receipt, representing about 2.82% of the total PEPE supply, which accounts for 2.2% of his $2.29 billion in on-chain wealth.

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