$SIREN From $3.14 to $0.83, SIREN took just one day.

Those who shorted yesterday lost money; those who went long today lost money. Only the whales made money.

Let me review the complete operation of this scheme:

Step One: Bottom accumulation

A month and a half ago, SIREN was only at $0.08. The whale, through several hundred wallets, accumulated 480 million tokens at an average price of $0.045 in batches, controlling 66.5% of the total supply, with a total cost of approximately $21.8 million.

Step Two: Aggressive pump

After accumulating enough chips, they started pumping. $0.08 → $0.5 → $1 → $2 → $3.14, a 40x gain in a month and a half. Retail traders started FOMO-ing, chasing tops, going long, and holding positions.

Step Three: High-level distribution

In the $2-3 price range, the whale distributed 66.5% of their holdings in batches to retail traders who chased in. The unrealized gains alone exceeded $1 billion.

Step Four: Dump and leave

Today, the whale dumped the remaining tokens in one go. The price crashed directly from $3.14 to $0.83, a decline exceeding 60%. Trading volume hit $1.174 billion, with both panic selling and bottom-fishing bids flooding the market simultaneously.

Result:

Both retail longs and shorts suffered losses; most were just liquidity in this scheme. The real $1 billion winner was the whale who entered at $0.045 and exited at $3.
$SIREN