Pepe news

Arkham Intelligence estimated that wallets linked to Justin Sun held 2.82% of PEPE's supply, worth about $51.25 million on October 27. The estimate combines official and predicted addresses, with two Poloniex withdrawals totaling 11.85 trillion tokens valued at $48.76 million. The transfers do not verify purchase prices or indicate an intention to sell. The calculation shows each $0.000001 price change would alter the position's value by $11.85 million. Analysts note the attribution depends on Arkham's wallet grouping and that a wallet balance does not prove beneficial ownership. A separate PEPE ETF filing by Canary Capital represents a potential demand route but does not confirm fund purchases or inflows. Market observers should watch for changes in token balances, exchange deposits, and dated derivatives data, as the current figures are time-specific snapshots. The article emphasizes that concentration estimates and valuations require careful interpretation, distinguishing between wallet movements, actual trades, and broader market exposure.

PEPE price slipped to near $0.0000049 on October 30, after the Binance hacker reportedly sold 7.77 trillion PEPE tokens worth about $31.66 million. The sale followed a security breach that affected roughly $6.3 billion in crypto. Despite the dump, a trader known as dimethyltryptamine.eth bought 45.08 billion PEPE (about $206,500) after the sale. PEPE futures volume jumped 59.84% to $1.52 billion, while open interest fell 10.09% to $369.85 million. Technical levels show support at $0.0000045 and resistance at $0.0000050–$0.0000052.

PEPE price rose nearly 12% in 24 hours to about $0.0000048 on October 28, driven by reports that Tron founder Justin Sun holds $51.25 million in PEPE, or 2.82% of supply, per Arkham Intelligence. Large exchange withdrawals and rising futures activity also supported gains, though a whale deposit to Coinbase suggested potential selling pressure. On-chain data showed a record 4.77 trillion PEPE leaving exchanges on October 16, with partial reversals later, while net spot outflows reached $1.39 million. Futures volume jumped 72.67% to $587.89 million and open interest rose 7.10%. Technical indicators show momentum above $0.0000042 support, with resistance at $0.0000050 and targets of $0.0000055 and $0.0000060.

Blockchain analytics firm Arkham Intelligence reports that Justin Sun, founder of TRON, has become the largest individual holder of the meme token PEPE, with attributed wallets containing $51.25 million worth of the token. This represents about 3% of PEPE's total supply, accumulated over roughly 10 days through two large withdrawals from the Poloniex exchange, totaling 11.85 trillion PEPE. The tokens were initially purchased on Binance and moved through Poloniex and HTX before reaching Sun's wallets. Sun's stake, valued at $51.25 million, was flagged on October 27, 2026, when PEPE's market capitalization was approximately $1.81 billion. While centralized exchanges still hold larger amounts, Sun now leads among individuals. His position had been minor before mid-October, worth around $267,000. Arkham also noted that Sun sent $77 million in stablecoins to Poloniex during the same period, suggesting additional capital support. The concentration of supply means Sun could influence PEPE's price, though no sales have been reported, and the tokens remain in his wallets. Traders are advised to watch for any movement back to exchanges, which could signal an intent to sell. Arkham's attribution is based on linked wallets and not confirmed by Sun himself.

Arkham Intelligence reports that Tron founder Justin Sun has become the largest individual holder of the memecoin PEPE, with wallets linked to him holding approximately $51.25 million worth of tokens, representing 2.82% of the total supply. The tokens were acquired through two large withdrawals from Poloniex on October 17 and 26, totaling $48.76 million. Arkham traced the funds' path through Binance and HTX, and also identified $77 million in stablecoin transfers from Sun-linked wallets to Poloniex during the same period. While Sun's prominent status could attract investor attention to PEPE, the concentration of nearly 3% of supply in individual wallets poses a potential risk of selling pressure if liquidated. As of press time, Sun has not commented on the matter.

PEPE price traded near $0.00000433 on Sep. 30, up 1.64% for the day, holding above key support at $0.0000041. The token remains about 18% below its September peak above $0.0000053, with daily RSI at 57.96 and price above the 20-day Bollinger midpoint at $0.00000402. Weekly momentum is improving, as the MACD histogram turned positive, though the 100-week average at $0.00000805 remains a distant resistance. Analyst Crypto With Gopal sees a bearish pennant on the 4-hour chart, with support at $0.0000041 and a potential downside target near $0.0000030, while invalidation sits around $0.0000047. This contrasts with analyst Moustache's bullish view of a breakout from a 2.5-year falling wedge. Liquidation data shows clusters near $0.00000416 below price and $0.00000444-$0.00000452 above, aligning with the identified support and overhead resistance levels.

Pepecoin (PEPE), the Ethereum-based memecoin, has been listed on Robinhood's US platform as of November 13, 2024, following its earlier European rollout in February 2024. This gives millions of retail investors easy access to the token, which launched in April 2023 with a fixed supply of 420.69 trillion tokens and no transaction tax, setting it apart from many other memecoins. While PEPE lacks an automatic burn mechanism, the project relies on manual burns to dead wallets. The largest single burn occurred in October 2023, removing 6.9 trillion tokens, about 1.6% of total supply, with claims that 36% of supply has been permanently removed overall. The Robinhood listing, timed amid shifting regulatory sentiment post-2024 elections, has driven price gains as retail participation increases.

Meme coins slipped 1.1% last week despite a broader crypto market rally, with on-chain positioning revealing diverging trends. BinanceLife (币安人生) is up 73% over 30 days but down 12% weekly; it shows accumulation via $1.2 million exchange outflows but faces whale selling and heavy concentration. Pepe (PEPE) rose 5.2% over seven days, with whales accumulating then profit-taking, creating a bearish divergence as volume falls near the $0.00000300 resistance. Official Trump (TRUMP) trades near $1.99, down from a March high of $4.50; smart money holds a strong long bias while whales sell, with the token sensitive to US-Iran peace-deal sentiment.

A meme coin named Henry (HENRY) surged nearly 320% after a viral 2023 post appeared to predict the name of the alleged White House shooter, Cole Tomas Allen. The post, featuring Pepe the Frog and President Trump, was endorsed by the official Pepe account on April 26, fueling speculation. The HENRY token, deployed 342 days ago on Ethereum, was repurposed around the conspiracy narrative. Its market cap fluctuates between $500,000 and $1.8 million, with extreme volatility. Copycat tokens have emerged on Solana, but traders view the Ethereum version as the original prophecy.

Canary Capital has filed an S-1 application with the SEC to list a spot PEPE ETF, following previous applications for MOG and Pengu ETFs. The firm noted PEPE launched in April 2023 with over 420 trillion tokens and no utility. The move comes as issuers test regulatory limits after successful Bitcoin and Ethereum ETFs, with Morgan Stanley recently launching a spot Bitcoin ETF. PEPE has a $1.5 billion market cap and trades at $0.0000036.