Desmond Coco
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Desmond Coco
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SIREN dropped more than 50% after a controller reportedly sold around 17 million SIREN-2:native tokens on-chain through multiple addresses within the last two hours. According to monitoring data shared by Yu Jin and reported by Foresight News, the sell-off pushed the token price down from $0.47 to $0.23. Reports also suggest that SIREN is highly centralized, with a single operator estimated to control at least 94% of the total supply of 680 million tokens.
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