$SIREN Epic-level collapse! The “dead coin” really is dead

In an instant, it plunges by 50%+—it’s directly cut in half from the highs; a bloody harvest, with all the longs wiped out
Let me sort it out for everyone. First, an unprecedented concentration of chips is the structural foundation supporting the entire collapse. On-chain data shows SIREN’s level of controlling the market is almost 100%. This means that the dog whales can create violent price swings with very little capital
Phase One · Absolute control of the chips
Phase Two · Pump it up to lure longs
Phase Three · Reverse to lure shorts
Phase Four · Double kill for harvesting
The so-called AI narrative is all lies. The pump is only to attract retail investors to take the bag; the smash is the ultimate goal
Dog whales controlling the market means you don’t need to analyze anything—just look at where there are more retail investors; don’t go to the other side
And this drop also can’t be separated from the death spiral caused by leveraged liquidations
SIREN’s price volatility is highly correlated with high-leverage futures/contract trading. When the price falls, it triggers a large number of forced liquidations of heavily leveraged long positions. These sell orders further push down the price, creating a vicious cycle
Finally, the SIREN project itself lacks real users and real-world applications to support it—purely a hype-driven market frenzy
Once the market turns, the price loses all support
So it’s all about concentrated chips, high-leverage contracts, and the project having no practical value—pump to distribute for exit, with FOMO psychology. If it’s only one or two you can still mess around with; if you’ve gone all in, you’d better run immediately—take a car and get out#Gate广场五月交易分享