SIREN whale unloads 17 million tokens, price halves in two hours

Odaily Planet Daily cited on-chain analyst Yujin as saying that a wallet believed to control SIREN offloaded roughly 17 million SIREN through multiple addresses over the past two hours. The sales were worth about $6.75 million and sent SIREN down more than 50%, sliding from $0.47 to $0.23. The same entity is estimated to hold at least 94% of SIREN's total supply, or 680 million tokens. Since February, it has carried out four rounds of trading operations over a four-month span.