According to on-chain analyst Ember (@EmberCN), the SIREN token experienced an 86% price drop today, prompting its controlling address to repurchase 5 million SIREN tokens half an hour ago at a low price of $144,000 USDT (average price of $0.288). Previously, this address had sold the same amount of tokens two weeks ago at $0.947, cashing out $473,000 USDT. This recent buyback has generated a profit of approximately $329,000 from the price differential. The controlling address currently holds 645 million SIREN tokens, valued at around $155 million today—down significantly from $1.44 billion a week ago.
SIREN Drops 86% in One Day as Whale Profits $329,000 with Low-Buying Strategy
TechFlowShare
Summary
Whale activity triggered sharp volatility in SIREN, causing it to drop 86% in a single day. On-chain analyst EmberCN tracked a major holder purchasing 500,000 SIREN tokens for 144,000 USDT within 30 minutes of the crash. The same whale had sold the same amount of tokens two weeks ago at $0.947 for 473,000 USDT. The recent trade resulted in a profit of $329,000. The address still holds 645 million SIREN, currently valued at $155 million, down from $1.44 billion a week ago.
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