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Wu said that, according to on-chain analyst Yu Jin’s monitoring, the suspected market-controlling address of SIREN concentrated and sold about 17 million SIREN through multiple on-chain addresses within the past 2 hours, worth about $6.75 million, causing SIREN to drop more than 50% in the short term—from $0.47 to about $0.23. Yu Jin said that the relevant addresses are suspected to control at least 94% of the total token supply and have carried out four rounds of such “long-and-short double-kill” operations since February.