Justin Sun holds nearly 3% of PEPE. What could move the price next?

Arkham has attributed almost 3% of PEPE’s supply to wallets linked to Justin Sun. The estimate combines known and predicted addresses, while the transfers behind it establish withdrawals rather than a verified purchase price or a plan to sell. Arkham Intelligence has estimated that wallets linked to Justin Sun held 2.82% of PEPE’s supply, worth approximately $51.25 million at its October 27 snapshot. Arkham’s assessment combines addresses it identifies as Sun’s official wallets with addresses it predicts belong to him, making wallet attribution part of the calculation itself.

Also reported by Cryptonews.

Source: crypto.news