According to ChainCatcher, on-chain analyst Yujin has monitored that the SIREN whale sold approximately 17 million SIREN tokens across multiple addresses within the past two hours, valued at $6.75 million, causing 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 executed four rounds of such operations over four months.
SIREN large holder sells 17M tokens, price drops 50%
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Summary
SIREN’s crypto price dropped 50% after a major holder sold 17 million tokens ($6.75 million) within two hours. The token fell from $0.47 to $0.23. The seller holds at least 94% of the 680 million total supply and has executed four similar sales since February. Price analysis indicates sharp volatility tied to whale activity.
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