Justin Sun has emerged as PEPE largest identified individual holder, with wallets linked to the TRON founder holding approximately $51.25 million in the memecoin. Arkham Intelligence reported on October 27 that Sun’s wallets controlled 2.82% of PEPE’s total supply.

Arkham traced most of the reported position to two withdrawals from Poloniex. On October 17, approximately 7.2 trillion PEPE tokens worth $28.44 million moved into a Sun-linked wallet. Another 4.65 trillion tokens worth $20.32 million followed on October 26.

Before the first transfer, Sun’s attributed PEPE holdings amounted to 68 billion tokens worth $267,000. The two withdrawals brought his position to around 11.85 trillion PEPE tokens.

Arkham’s findings put Sun ahead of other identified individual holders outside exchanges. The scale of the accumulation also places him among PEPE’s most influential identified wallet holders.

The transfers coincided with $77 million in stablecoin movements from Sun-linked wallets to Poloniex. The transactions add another layer to the activity surrounding his latest memecoin position.

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Justin Sun, His Wealth, and History of Memecoin Trading Besides PEPE

Sun’s wealth extends well beyond speculative tokens. Arkham estimates his overall net worth at $5 billion to $7 billion, including crypto holdings and estimated stakes in HTX and Poloniex. Forbes has also placed his fortune in the multibillion-dollar range.

His interest in memecoins dates back several years. On May 11, 2023, just less than a month after PEPE launched, Justin Sun announced that he would actively trade memecoins and promising crypto projects through his public wallet. He said he would personally absorb trading losses and donate any profits to charity.

Historical wallet reports subsequently identified exposure to SHIB, FLOKI, BabyDoge and SPONGE. A December 2023 snapshot shows $6.2 million in SHIB, $805,000 in FLOKI and $524,000 in BabyDoge.

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Could Another Token Join Justin Sun’s Portfolio?

Bitcoin Hyper (HYPER) is preparing to launch a Bitcoin-focused Layer 2 network designed to bring faster transactions and smart-contract functionality to Bitcoin through Solana Virtual Machine technology.

The project’s ecosystem includes a Bitcoin bridge, wallet, staking, and decentralized finance applications. Its infrastructure aims to let developers build applications that benefit from Bitcoin while tapping into a high-performance execution environment.

Bitcoin Hyper has also attracted substantial presale interest, with more than $33.2 million raised and a cheap starting price at $0.0137. The project also offers staking rewards of 35% for presale participants, adding another incentive for investors looking for exposure to an emerging crypto ecosystem. So buyers will just need to hold and see their coin grow.

With Sun’s documented interest in speculative tokens and promising crypto projects, Bitcoin Hyper represents the kind of upcoming launch that traders could watch when considering what might enter a major investor’s portfolio next.

The latest Justin Sun PEPE accumulation demonstrates how quickly his attributed wallet exposure can change. His previous activity across meme coins also shows that his interests have extended beyond established crypto.

Source: Crypto News