Justin Sun has acquired about 2.82% of the total PEPE memecoin supply, worth over $51 million, making him the largest individual holder. This significant purchase caused an immediate 3.34% price increase in PEPE, signaling renewed buyer interest and market confidence. The move highlights the influence of major holders on memecoin volatility and raises awareness about concentration risks in crypto assets. Investors should watch how this large stake impacts PEPE's future price movements and market stability.
Justin Sun's acquisition of about 2.82% of the PEPE crypto supply is notable context for readers. For those following the broader cryptocurrency market, Pluang data as of Oct 28, 2026 01:52 WIB shows 28 of 50 major cryptocurrencies rose today. Among movers, Bitcoin Cash (BCH) gained 3.98% to Rp5.253.919 with a typical hold time of 69 days and Pluang order activity heavily skewed to selling at 97% sell / 3% buy. SushiSwap (SUSHI) rose 3.23% to Rp3.760 with 102 days typical hold time and 100% sell orders, while Ripple (XRP) increased 2.30% to Rp23.950 with 65% sell / 35% buy order activity.
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