Justin Sun: PEPE Float Narrows to $5.05M

Justin Sun saw his PEPE unrealized profit shrink to 5.048 million dollars following two days of steep declines, down from a peak of 18.55 million dollars, per Arkham-tracked wallet activity.

Since October 17 the address linked to Sun has withdrawn 11.8 trillion PEPE tokens worth 48.76 million dollars from exchanges at an average cost of 0.000004114 dollars; the position posted a maximum 38 percent gain before the latest pullback and remains in profit.

Price action on the 4h chart sits inside a bearish structure with both EMA50 and EMA200 acting as overhead resistance at current levels while MACD registers a death cross; RSI at 38.83 keeps momentum neutral and Bollinger Bands show price contained within the range, suggesting any bounce attempt toward the upper band will likely stall before testing the 50-EMA confluence zone.