$SIREN Epic crash! The dead coin really died

Instantly plummeted 50%+, high levels directly halved, bloody harvest, bulls all wiped out
Let me clarify for everyone, firstly the unprecedented concentration of chips is the structural basis supporting the entire collapse, on-chain data shows SIREN control is almost 100%, which means the dog whales can create violent price fluctuations with very little capital
First stage · Absolute control of chips
Second stage · Pump to lure more buyers
Third stage · Reverse lure to short
Fourth stage · Double kill to harvest
The so-called AI narrative is all lies, the pump is only to attract retail investors to buy in, dumping is the ultimate goal
Dog whales controlling the market means no need to analyze anything, just watch where the retail investors are more numerous and avoid that side
And this drop is also inseparable from the death spiral caused by leverage liquidations
SIREN’s price fluctuations are highly correlated with high-leverage contract trading. When the price drops, it triggers a large number of forced liquidations of high-leverage long positions, and these sell orders further push down the price, forming a vicious cycle
Finally, the SIREN project itself lacks real users and practical application support, it’s purely hype-driven market heat
Once the market turns, the price loses all support
So, concentrated chips, high-leverage contracts, the project has no practical value, pump and dump, FOMO psychology. If one or two can be played with, but if all are taken, immediately run away, run away quickly #Gate广场五月交易分享