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Arkham Intelligence reported on October 27 that wallets officially labeled or analytically attributed to Justin Sun held approximately $51.25 million in $PEPE , representing 2.82% of its supply.
Two Poloniex withdrawals on October 17 and 26 accounted for $48.76 million in transferred PEPE. Arkham also identified $77 million in stablecoin transfers to Poloniex.
Jamos Parsa Market Insight: The bigger story isn't simply whale accumulation. It's supply concentration. A large attributed position could influence market psychology, while a future sale could test available liquidity.
Crucially, some wallet ownership remains inferred, and exchange withdrawals alone don't establish purchase timing or intentions.
Will traders interpret this concentration as confidence, or recognize the potential liquidity risk?
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$PEPE