PEPE has moved back above $0.000005, posting a gain of more than 14% over the past 24 hours, according to on-chain analyst @ai_9684xtpa. The analyst said that since Oct. 17, roughly $48.76 million worth of PEPE has been transferred out by Justin Sun. Based on an estimated entry price of about $0.000004115, the position is now sitting on an unrealized profit of around $9.622 million. The holdings account for about 2.86% of PEPE’s total supply, making it one of the largest individual on-chain holdings. Still, the ownership of the funds remains unclear. On-chain data cannot confirm whether the position was built by Sun personally or whether it reflects exchange fund movements, and Sun has not responded publicly.
PEPE has climbed back above $0.000005, with its 24-hour gain exceeding 14%, according to on-chain analyst @ai_9684xtpa.
The analyst said that since Oct. 17, Justin Sun has cumulatively transferred out about $48.76 million worth of PEPE. The estimated purchase price was about $0.000004115, leaving the position with an unrealized profit of roughly $9.622 million at current levels.
The related holdings account for about 2.86% of PEPE’s total supply, making it one of the largest individual holdings on-chain. Even so, on-chain data cannot determine whether the funds belong to Sun personally or whether they are part of exchange fund reorganization. Sun has not responded.
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