Wu said that, according to on-chain analyst Yu Jin's monitoring, the suspected controlling address of SIREN has sold approximately 17 million SIREN tokens through multiple on-chain addresses within the past 2 hours, worth about 6.75 million USD, causing SIREN to drop over 50% in a short period, from $0.47 to approximately $0.23. Yu Jin stated that the related addresses are suspected to control at least 94% of the total tokens and have carried out four rounds of such "long and short double kill" operations since February.

SIREN-73.68%
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RugProofMood
· 1h ago
From 0.47 to 0.23, those buying the dip thought they were catching falling knives, but actually they were accepting the project team's chips.
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WaitingForConfirmationUnderThe
· 8h ago
$6.75M dumped to push the price down 50%? Liquidity is better than you’d think, but if the controlling addresses aren’t targeted, no one dares to get in.
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CatMarketAnalysisAssistant
· 8h ago
The way the long and short positions keep wiping each other out so skillfully is honestly heartbreaking; they still haven’t “cut and run” since February, which also says they’ve got a lot of patience.
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