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The sudden surge of SIREN—could it really be the “next hundredfold myth,” or is it the textbook case of “leverage harvesting”? Let’s uncover it exclusively.
That week in March, SIREN rocketed from around $0.08 to more than $5, shocking the market. It temporarily reached a market cap of $3.6 billion, leaped into the top 30 in the circulating market, and pushed aside long-established tokens. Up more than 160% in a single day, and over 1000% over 30 days—undoubtedly eye-catching numbers. However, looking at the current situation, the price has settled around $0.50, and the 30-day rise/fall stands at -30.93%.
Once known as the “Broccoli” token tied to the founder of a certain major exchange, this project now wears the guise of an AI agent. With an exclusive decode, this rally pattern perfectly reproduces a typical “leverage scam.”
By concentrating funds into a small number of wallets and generating volatility in a thin spot market, they set up long positions in futures. Then, they manufacture the illusion of a correction, lure retail investors into going short, and continuously siphon off funds. In the end, they sell off and escape—so that followers end up buying. This is the sequence.
The number of addresses holding tokens has now reached 52,851, but if the core holding addresses start to decline, the same supply-concentration structure that fueled the rise will accelerate the drop. The conclusion of this exclusive decode is that the surge is a temporary phenomenon driven by liquidity contraction and capital concentration, not a real expansion in demand. Next, what will happen? The market should show the answer.