Wu Blockchain relayed an Arkham report stating that on-chain analytics firm Arkham has identified or preliminarily attributed wallets holding approximately $51.25 million worth of PEPE tokens to Justin Sun, representing 2.82% of the token's total supply. This could make Justin Sun the largest individual holder of PEPE. Arkham tracked two transactions on October 17 and 26, totaling $48.76 million, which transferred from Poloniex into these associated wallets, valued at approximately $28.44 million and $20.32 million, respectively. Additionally, between October 15 and 25, wallets already identified as belonging to Justin Sun transferred approximately $77 million in stablecoins to Poloniex. Some PEPE had previously circulated between Binance, HTX, and Poloniex.