ChainCatcher report: According to on-chain analyst Yujin, the SIREN controlling party consolidated tokens held across hundreds of wallets into 48 wallets within the past few hours, involving approximately 484.6 million tokens—66.5% of the total supply—with a current value of about $1.04 billion. On-chain data shows that these tokens were initially accumulated at an average price of approximately $0.045 via hundreds of wallets by the end of June 2025, totaling a cost of around $21.8 million. Over the past one and a half months, SIREN has risen from $0.08 to $2.10, an increase of approximately 26 times; the current unrealized profit on these holdings is roughly 47 times.
SIREN token concentration rises to 66.5% as large holder consolidates holdings.
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Summary
SIREN token concentration has risen to 66.5% as a large holder transferred 484.6 million tokens into 48 wallets, according to on-chain data. The tokens were purchased in late June 2025 through hundreds of wallets at $0.045 each, totaling $21.8 million. The consolidated holdings are now valued at $1.04 billion, representing a 47x profit. SIREN has surged 26x in one and a half months, climbing from $0.08 to $2.10. Altcoins to watch often exhibit sharp price movements, and SIREN’s on-chain activity underscores another significant shift in token distribution.
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