PEPE Price Nears Breakout With Justin Sun Now Top Holder

PEPE price is pressing against the resistance that capped its rally last week. Arkham identified Justin Sun as the largest individual PEPE holder outside exchanges. Momentum indicators favor buyers, although the token is short-term overbought. Sun has not publicly commented on the holdings attributed to him. PEPE has gained close to 17% over the past 24 hours and traded near $0.00000499 on Wednesday, bringing the meme coin back to the $0.00000511 high that preceded a sharp sell-off on October 23 .