{"id":3917,"date":"2026-06-15T23:10:04","date_gmt":"2026-06-15T23:10:04","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3917"},"modified":"2026-06-15T23:10:04","modified_gmt":"2026-06-15T23:10:04","slug":"siren-plunges-96-after-whale-offloads-majority-of-token-supply","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/15\/siren-plunges-96-after-whale-offloads-majority-of-token-supply\/","title":{"rendered":"SIREN Plunges 96% After Whale Offloads Majority of Token Supply"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

The SIREN token suffered a devastating collapse over the weekend, crashing from around $1.30 to just $0.05 after a major holder liquidated nearly all of its position.<\/p>\n\n\n\n

According to blockchain analysts at Spot On Chain and Lookonchain, the entity behind the sell-off disposed of approximately 94 percent of the token\u2019s total supply, reigniting concerns about the dangers of excessive token concentration.<\/p>\n\n\n\n

Massive Token Dump Triggers Panic<\/strong><\/p>\n\n\n\n

Data shared by Spot On Chain analyst Hupzy revealed that the wallet linked to the SIREN controller sold roughly 670 million tokens over a 48 hour period. The amount represented about 92 percent of the token\u2019s circulating supply.<\/p>\n\n\n\n

The liquidation reportedly generated approximately $64.8 million in USDT.<\/p>\n\n\n\n

Of those proceeds, around $25.7 million in USDT was transferred to multiple centralized exchanges, while more than $39 million remained on chain. Hupzy described the sequence of events as a classic example of a pump and dump scheme.<\/p>\n\n\n\n

The analyst further noted that the remaining holdings were distributed across hundreds of wallet addresses after the sales, a tactic that could complicate efforts to monitor future movements.<\/p>\n\n\n\n

Lookonchain reported similar findings, stating that the whale continued selling even after securing $28 million in a single day. The analytics platform also tracked nearly 200 million SIREN tokens moving into wallets connected to major exchanges, including Binance, Gate, and KuCoin.<\/p>\n\n\n\n

Price and Market Value Collapse<\/strong><\/p>\n\n\n\n

The market reacted swiftly to the heavy selling pressure.<\/p>\n\n\n\n

CoinGecko data showed SIREN trading near $0.05, reflecting a decline of roughly 59 percent over the past 24 hours and an astonishing 96 percent loss over the last seven days.<\/p>\n\n\n\n

The token\u2019s market capitalization has now fallen to just above $38 million, a dramatic reversal from the multibillion dollar valuation it briefly achieved during its March rally, when it surged to an all time high of $3.61.<\/p>\n\n\n\n

Trading activity also deteriorated sharply. CoinGecko reported that daily trading volume dropped by more than 48 percent, while CoinGlass data indicated that SIREN futures generated over $625 million in volume during the same period.<\/p>\n\n\n\n

Liquidations reached approximately $3.4 million, with long positions accounting for more than $2.7 million of the total.<\/p>\n\n\n\n

A History of Extreme Volatility<\/strong><\/p>\n\n\n\n

The latest collapse is only the newest chapter in SIREN\u2019s turbulent trading history.<\/p>\n\n\n\n

Shortly after reaching its record high of $3.61 earlier this year, the token experienced its first major downturn, plunging nearly 70 percent. During that period, blockchain investigator ZachXBT and analytics platform Bubblemaps warned that a single cluster of wallets controlled almost half of the token\u2019s supply. ZachXBT later linked those wallets to addresses associated with DWF Labs.<\/p>\n\n\n\n

SIREN continued to subject investors to dramatic swings in the weeks that followed.<\/p>\n\n\n\n

On March 26, the token surged more than 100 percent, climbing from $1.02 to $2.08. Just two days later, it crashed over 60 percent to approximately $0.79.<\/p>\n\n\n\n

The volatility did not stop there. On March 30, SIREN rallied again, rising to nearly $1.80 before suffering another sharp decline that dragged the price down to around $0.13 in early April. During that period, some users on X accused Binance of influencing the asset\u2019s price movements.<\/p>\n\n\n\n

A subsequent rebound pushed the token back toward the $2 mark, but the gains proved short lived as SIREN once again dropped by 65 percent to roughly $0.70.<\/p>\n\n\n\n

Most recently, on June 8, the token staged another explosive rally, soaring nearly 190 percent from $0.45 to $1.30. However, that advance has now completely unraveled, with SIREN collapsing to $0.05 and extending its reputation as one of the market\u2019s most volatile and controversial meme tokens.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The SIREN token suffered a devastating collapse over the weekend, crashing from around $1.30 to just $0.05 after a major holder liquidated nearly all of its...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3917","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3917"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3917\/revisions"}],"predecessor-version":[{"id":3919,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3917\/revisions\/3919"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}