The SIREN manipulator sold 17 million SIREN-2:NATIVE tokens across multiple addresses over the past two hours, worth $6.75 million, causing the SIREN price to drop from $0.47 to $0.23. The SIREN cartel controls at least 94% of the total token supply, or 680 million tokens. (Embers)
SIREN large holder sells 17M tokens, price drops over 50%
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Summary
A large SIREN holder sold 17 million SIREN-2:native tokens within two hours, causing the crypto price to drop over 50%. The sell-off, worth $6.75 million, pushed the price from $0.47 to $0.23. The whale holds at least 94% of the total supply, or 680 million tokens. SIREN remains on the list of altcoins to watch amid sharp volatility.
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