SIREN Plunges 95% As Massive Selling Pressure Continues 📉

SIREN has suffered a dramatic collapse, falling to around $0.06 — a decline of approximately 95% from its recent peak of $1.30 reached just a week ago. ⚠️

According to on-chain monitoring reports, a wallet believed to be linked to a controlling entity has continued unloading large amounts of SIREN into the market. Recent blockchain data indicates that roughly 360 million SIREN tokens were sold over a period of about 36 hours, generating an estimated 48.7 million USDT. 💰

Despite the heavy selling, the address reportedly still controls around 319 million SIREN tokens, equivalent to approximately 44% of the project's total supply. 👀

Analysts note that liquidating such a large position through on-chain sales alone would be challenging, leading to speculation that additional holdings could be distributed across multiple wallets or sold through alternative channels.

The situation continues to raise concerns about supply concentration and its impact on market stability. 🌊

#SIREN #CryptoNews #Blockchain #Altcoins #CryptoMarket #OnChain