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680 million SIREN tokens, in 2 days, dropped 96%.
94% of the tokens, traded for 64.8 million USDT— the sweat equity of the bagholders.
From $1.3 to $0.05, a 96% decline, in just 48 hours.
This isn't DeFi, this is outright theft.
"The division into smaller parts" means: selling slowly, making it impossible for any address to escape.
But ironically—
No matter how you "divide into smaller parts," getting 64.8 million USDT is still getting it.
Whose money is this 64.8 million USDT?
It's the savings of retail investors who saw $1.3 and thought "it can still go up."
The cruelest truth in the DeFi world:
Ultimately, the tokens held by project teams are bought by retail investors.
$SIREN