SIREN whale dumps 17 million tokens, causing price to halve

Odaily reports, according to on-chain analyst Ember monitoring, the SIREN whale has dumped approximately 17 million SIREN tokens, worth $6.75 million, across multiple addresses on-chain over the past 2 hours. This caused the SIREN price to drop over 50%, from $0.47 to $0.23.

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