SIREN Whale Dumps 17 Million Tokens, Causing Price to Halve

Odaily reported that according to on-chain analyst Yu Jin's monitoring, the SIREN whale has intensively sold approximately 17 million SIREN tokens (worth $6.75 million) through multiple addresses on-chain over the past 2 hours. This caused the SIREN price to drop by over 50%, falling from $0.47 to $0.23.

This whale controls at least 94% of the total SIREN supply (680 million tokens). Since February, the whale has conducted 4 rounds of operations over a period of 4 months.