SIREN has been absolutely obliterated, cratering more than 50% in just two hours as a single controller unleashed approximately 17 million tokens across multiple on-chain addresses in seems to be a coordinated and devastating sell-off, according to Foresight News monitoring data flagged by Yu Jin.
The carnage sent SIREN spiraling from $0.47 down to $0.23 in a matter of hours — and the situation is far more alarming than the chart suggests. One single operator is estimated to hold at least 94% of SIREN's entire 680 million token supply, raising explosive concerns of manipulation that are now sending shockwaves through the community.
The brutal reality for remaining holders — when one entity owns nearly everything and is actively selling, there may be nothing standing between current prices and a complete wipeout.