The Anatomy of the 96% $SIREN Collapse

A move from $1.30 to $0.05 wasn’t just volatility it was a lesson in why on-chain analysis matters.

-Bubblemaps reported that a wallet cluster controlling nearly 94% of the supply was spread across 200+ addresses.

-Distribution began, and roughly 670M SIREN entered the market.

-Lookonchain data showed about $64.8M USDT extracted:

- $25.7M moved to CEXs (Binance, Bitget, KuCoin)

- $39.1M remains across multiple wallets

-The derivatives market couldn’t withstand the pressure:

• Open Interest was near $98M before the crash

• More than $2.4M in longs were liquidated

• Daily futures volume exceeded $191M

On-chain investigators have linked the wallet cluster to addresses associated with DWF Labs, while blockchain data suggests roughly 595M SIREN may still remain under the control of the entity.Price action alone tells only part of the story. Holder concentration, wallet clusters, and on-chain flows can reveal risks long before charts do.

Always track distribution before chasing momentum.

#CryptoCrash #OnChainAnalysis #WhaleAlert #TradingData #Crypto