SIREN bleeds as whale with 94% of supply keeps dumping
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According to ChainCatcher, on-chain data shows that the suspected controlling address of SIREN has been continuously reducing its holdings on a large scale over the past 14 hours, selling a total of approximately 201 million SIREN and cashing out approximately 27.7 million USDT, most of which has been transferred to centralized exchanges.
According to on-chain data, the SIREN token experienced a sharp drop in price in recent hours. The data suggests that addresses allegedly controlling SIREN sold approximately 17 million SIREN tokens across multiple wallets in about two hours. The total value of these sales is estimated to be around $6.75 million. Following this selling pressure, the SIREN price fell from $0.47 to $0.13. [...] Source: Bitcoinsistemi.com
A giant whale, one of the largest investors in the SIREN (SIREN) token in the cryptocurrency market, caused the price to plummet sharply by rapidly cashing out his assets. In the cryptocurrency world, a whale… Altcoin Price Crashed by Whale: Price Falls by 67 Percent, $91 Million Lost…
SIREN Drops 70% After Whale Sells Millions of Tokens
SIREN fell over 70% after 17 million tokens were sold in just two hours. Despite selling millions, the holder still controls nearly 596M SIREN worth $91.9M. Analysts tracked 150M SIREN transfers to new wallets as selling pressure intensified. SIREN price declined after a series of large token sales by a major holder erased a significant portion of the asset’s value within hours. The selloff sent the token down by more than 70% over a 24-hour p…
SIREN bleeds as whale with 94% of supply keeps dumping
A whale controlling the vast majority of SIREN’s token supply sold roughly 17 million tokens through multiple wallets over two hours on Friday, crashing the price from $0.47 to $0.23. The sell-off follows a months-long pattern of manipulation by a single entity that on-chain analysts say controls at least 94% of all SIREN in circulation. Concentrated supply, repeated crashes EmberCN, an on-chain analyst, was quick to identify the dump on X, stat…
SIREN Collapses 70% as Single Wallet Controlling 94% of Supply Executes Massive Dump
SIREN collapsed more than 70% in a matter of hours on Saturday after the wallet address widely identified as the token’s market maker offloaded a massive position into an unsuspecting market. The token fell from $0.47 to $0.23 in the initial wave of selling before continuing its slide to $0.13, erasing more than half its value in a trading window so compressed it left retail holders little room to react. On-chain investigator EmberCN was among t…
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