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Poloniex was founded in January 2014 as a global cryptocurrency exchange. It provides spot trading, futures trading, staking, and various services to users in nearly one hundred countries and regions.
Event-related news
Justin Sun's two wallets have cumulatively received $48.76 million worth of PEPE, raising his holdings value to $51.01 million.
According to blockchain analytics platform Arkham (@arkham), two wallets associated with Justin Sun received PEPE in two transactions from Poloniex on October 17 and 26: 7.2 trillion tokens (approximately $28.44 million) on October 17, and 4.65 trillion tokens (approximately $20.32 million) on October 26, totaling approximately $48.76 million. These tokens were allegedly originally purchased from Binance, subsequently routed through Poloniex and HTX before flowing back into Poloniex, and ultimately transferred to Justin Sun's wallets. During the same period, between October 15 and 25, Justin Sun deposited $77 million worth of stablecoins to Poloniex in six transactions, including $60 million in USDT and $17 million in USDC. These funds were previously redeemed from Spark/AAVE and Sky, respectively. Prior to October 17, Justin Sun held only about $267,000 worth of PEPE (68 billion tokens). The current combined value of the two wallets' holdings is approximately $51.01 million, up by over $2 million since receipt, accounting for roughly 2.82% of PEPE's total supply and representing 2.2% of his $2.29 billion on-chain wealth.
Arkham: Justin Sun-Linked Wallet Holds Nearly 3% of PEPE, Likely Now the Largest Individual Holder
according to Arkham monitoring, based on its identified official wallet associated with Justin Sun, Justin Sun currently holds nearly 3% of the PEPE token supply, worth approximately $51.25 million, and appears to have become the largest individual holder of PEPE. The relevant PEPE tokens were transferred into his wallet over the past 10 days, withdrawn in two transactions from Poloniex on October 17 and 26, totaling 11.85 trillion tokens, valued at $48.76 million at the time of withdrawal, with current unrealized gains exceeding $2 million. This may have made him the largest individual holder of PEPE.
Sun Yuchen-linked address has transferred out a cumulative $48.76 million worth of PEPE since October 17
According to on-chain analyst Ai Yi, a wallet tagged as linked to Sun Yuchen (0x721…E5991) withdrew 4.65 trillion PEPE from Poloniex 10 hours ago. The address currently holds a total of 11.8 trillion PEPE, with an average withdrawal price of $0.000004114, representing an unrealized profit of $2.085 million. Since October 17, the related addresses have transferred out a cumulative $48.76 million. The token transfer path was: withdrawn from Binance, deposited to Poloniex, then routed to HTX, returned to Poloniex, and finally withdrawn to this address. Both HTX and Poloniex are exchanges owned by Sun Yuchen, and it is currently impossible to determine whether the relevant funds belong to Sun Yuchen's personal wallet or exchange funds.
Worth $28.44 Million, Justin Sun's Address Receives 7.2 Trillion PEPE After Two Years
Odaily reports: According to monitoring by on-chain analyst Ai Yi, 22 hours ago, Justin Sun's address (0x176…0a132) received 7.2 trillion PEPE from a Poloniex multisig address, worth $28.44 million. This is the first PEPE on-chain operation by this address since June 2024, when the PEPE price was still $0.00001256.
Justin Sun unstakes another 5,000 ETH, still holding 238,000 stETH on-chain.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Justin Sun has again unstaked 5,000 ETH, increasing his total Lido redemptions to 10,000 ETH since August 26. Following the prior redemption, he deposited $12.3 million worth of ETH into Poloniex across two transactions at an approximate price of $2,481 per ETH. From this latest batch of 5,000 redeemed ETH, 3,500 were routed to a Poloniex hot wallet (purpose unknown), while the remaining 1,500 were deposited into Morpho. Justin Sun currently holds 238,000 stETH on-chain, valued at approximately $594 million.
Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, valued at approximately $19.5 million.
According to on-chain analyst Ai Aunt (@ai 9684xtpa), Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, valued at approximately $19.5 million.
Related news
Justin Sun's two wallets have cumulatively received $48.76 million worth of PEPE, raising his holdings value to $51.01 million.
According to blockchain analytics platform Arkham (@arkham), two wallets associated with Justin Sun received PEPE in two transactions from Poloniex on October 17 and 26: 7.2 trillion tokens (approximately $28.44 million) on October 17, and 4.65 trillion tokens (approximately $20.32 million) on October 26, totaling approximately $48.76 million. These tokens were allegedly originally purchased from Binance, subsequently routed through Poloniex and HTX before flowing back into Poloniex, and ultimately transferred to Justin Sun's wallets. During the same period, between October 15 and 25, Justin Sun deposited $77 million worth of stablecoins to Poloniex in six transactions, including $60 million in USDT and $17 million in USDC. These funds were previously redeemed from Spark/AAVE and Sky, respectively. Prior to October 17, Justin Sun held only about $267,000 worth of PEPE (68 billion tokens). The current combined value of the two wallets' holdings is approximately $51.01 million, up by over $2 million since receipt, accounting for roughly 2.82% of PEPE's total supply and representing 2.2% of his $2.29 billion on-chain wealth.
Arkham: Justin Sun-Linked Wallet Holds Nearly 3% of PEPE, Likely Now the Largest Individual Holder
according to Arkham monitoring, based on its identified official wallet associated with Justin Sun, Justin Sun currently holds nearly 3% of the PEPE token supply, worth approximately $51.25 million, and appears to have become the largest individual holder of PEPE. The relevant PEPE tokens were transferred into his wallet over the past 10 days, withdrawn in two transactions from Poloniex on October 17 and 26, totaling 11.85 trillion tokens, valued at $48.76 million at the time of withdrawal, with current unrealized gains exceeding $2 million. This may have made him the largest individual holder of PEPE.
Sun Yuchen-linked address has transferred out a cumulative $48.76 million worth of PEPE since October 17
According to on-chain analyst Ai Yi, a wallet tagged as linked to Sun Yuchen (0x721…E5991) withdrew 4.65 trillion PEPE from Poloniex 10 hours ago. The address currently holds a total of 11.8 trillion PEPE, with an average withdrawal price of $0.000004114, representing an unrealized profit of $2.085 million. Since October 17, the related addresses have transferred out a cumulative $48.76 million. The token transfer path was: withdrawn from Binance, deposited to Poloniex, then routed to HTX, returned to Poloniex, and finally withdrawn to this address. Both HTX and Poloniex are exchanges owned by Sun Yuchen, and it is currently impossible to determine whether the relevant funds belong to Sun Yuchen's personal wallet or exchange funds.
Worth $28.44 Million, Justin Sun's Address Receives 7.2 Trillion PEPE After Two Years
Odaily reports: According to monitoring by on-chain analyst Ai Yi, 22 hours ago, Justin Sun's address (0x176…0a132) received 7.2 trillion PEPE from a Poloniex multisig address, worth $28.44 million. This is the first PEPE on-chain operation by this address since June 2024, when the PEPE price was still $0.00001256.
Prime Trust Estate Administrator Wins $9 Million Default Judgment Against Justin Sun's Poloniex
According to Protos, the Prime Trust bankruptcy estate administrator has obtained a default judgment of approximately $9 million against Poloniex, the exchange under Justin Sun. The case involves a lawsuit to recover funds from preferential transfers made prior to the bankruptcy. Prior to its bankruptcy filing, Prime Trust decided to terminate its partnership with Poloniex and other entities affiliated with Justin Sun following a now-dismissed lawsuit brought by the U.S. Securities and Exchange Commission (SEC), at which point it had transferred over $9 million to Poloniex and Sun. Prime Trust subsequently became severely insolvent due to its failure to properly custody crypto assets and its misappropriation of customer deposits to cover funding gaps, prompting it to file for bankruptcy and initiate this case to recover the relevant funds. At present, the judgment only applies to Polo Digital Assets LTD, the operating entity behind Poloniex, while Prime Trust is currently pursuing discovery against Justin Sun personally. Separately, the FTX estate administrator has also filed lawsuits against Justin Sun personally, as well as against his exchanges HTX and Poloniex.
South Korean financial authorities block websites of 27 unregistered virtual asset operators, including KuCoin and MEXC
According to reports by South Korean media etoday, the Financial Information Analysis Unit (FIU) of the South Korean Financial Services Commission stated that the Korea Communications Commission has decided to implement domestic access blocking or access suspension measures on the websites of 27 unregistered virtual asset operators, including KuCoin, MEXC, BingX, Phemex, XT.com, Bitrue, CoinW, Poloniex, BTCC, and BitMart. This move further expands the scope of restrictions targeting unregistered operators from mobile app stores to internet web pages.