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🏴☠️ EmberCN: Tokens #SIREN, controlled by the market maker account for 88.5%.
If you add to this the tokens he holds on CEX, it means that the market maker of this coin is running a "one-man show": controlling nearly all spot supply to profit from contracts — this is the secret behind the 30x growth #SIREN, in a month and a half.
After the SIREN market maker aggressively accumulated 66.5% of tokens last night, I revisited the SIREN holder rankings. I arrived at one conclusion: out of 54 addresses in the holder rankings — excluding the first ( burn wallet ) and the third ( Binance Web3 wallet ) — the remaining 52 wallets belong to this market maker. Among them, 48 addresses accumulated SIREN yesterday, and the SIREN in the remaining 4 wallets can also be traced back to purchases made around late June — early July of last year, just like the others.
Most likely, the market maker is DWF Labs — their public wallet holds 3 million SIREN. Considering they transferred SIREN the day before yesterday, and yesterday 66.5% of tokens were accumulated, it’s hard not to connect the dots.
💰 In just 2 months, trader 0x78c6 turned 101,539 #SIREN into 2.09 million USDC with #USDC earning $1.98 million — nearly 20x profit!
On January 15, he acquired 1.27 million, spending $21 508. After SIREN’s rise, he spent another 80,031 USDC to obtain 1.27 million SIREN.
Then he sold all 1.27 million SIREN at an average price of $1.637, receiving 2.09 million USDC.
Earlier: Andrey Grachev ( DWF Labs ) stated, "We’re back in business."