1 hour ago
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Key Takeaways
- SIREN fell over 70% on the day to around $0.14, per TradingView data.
- X user EmberCN estimates whales hold at least 94% of SIREN’s 680 million supply.
- EmberCN flagged about 17 million tokens (~$6.75M) moving across addresses during the drop.
- Open interest fell from a ~$98M June 8 peak to near $33M as price broke.
SIREN has fallen more than 70% in a single day according to TradingView data, dropping to around $0.14 in one of the sharpest unwinds in the current market. The token is now down roughly 96% from its year-to-date high, and on-chain data points toward the same factor that has shaped its previous moves: the wallets that appear to control most of the supply.
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