Justin Sun Transfers 4 Billion PEPE from Poloniex

IconCryptoNewsTerminal Staff30 May, 2024

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Justin Sun Transfers 4 Billion PEPE from Poloniex

Justin Sun, the founder of the cryptocurrency Tron (TRX), has recently transferred 4 billion PEPE from his Poloniex wallet to another anonymous wallet, according to on-chain analyst AI(@ai_9684xtpa). The transaction was valued at approximately $570,000 at the time of the transfer. Sun's transfer marks the second time he has traded PEPE since December of last year. He currently holds 57.6 billion PEPE, which is approximately $134,000. The analyst mentioned that the movement of such a large number of PEPE by a renowned figure in the crypto space could have a significant impact on the market. However, it's uncertain whether Sun's transfer of PEPE will lead to a wider trend among investors.

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