ChainCatcher report: According to on-chain analyst Yujin, as the SIREN holders continue to sell on-chain, the price of SIREN has dropped to $0.06, a 95% decline from its weekly high of $1.30. On-chain data shows that in just one and a half days, they sold 360 million SIREN tokens in exchange for approximately $48.7 million in USDT. The on-chain addresses currently hold around 319 million SIREN tokens (44% of the total supply).
SIREN large holder sells 360M tokens in 1.5 days for ~$48.7M USDT
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Summary
SIREN is among the altcoins to watch after a major holder sold 360 million tokens in 1.5 days for approximately $48.7 million in USDT, according to on-chain data. The token’s price dropped to $0.06, a 95% decline from its previous high of $1.3 a week ago. The seller still holds 319 million SIREN, representing 44% of the total supply.
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