余烬|6月 14, 2026 14:04
[SIREN price plummets 95%, on-chain sell-off intensifies] As [SIREN controllers] continue their on-chain sell-off today, the price of SIREN has dropped to $0.06. Compared to last week's high of $1.3, that's a 95% drop. From the on-chain data, they sold 360 million SIREN tokens in just a day and a half, converting them into approximately 48.7 million USDT. Currently, the on-chain address still holds about 319 million SIREN tokens (44% of the total supply).
On-chain address collection: https://(arkm.com)/explorer/entity/048c9efe-27e9-4581-b433-066c807af2f9
Generally speaking, it's tough to cash out such a large amount solely through on-chain transactions. They might have also used other addresses and channels to offload part or most of the tokens, waiting for the 5th round of "intense manipulation."
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