A token just lost more than 70% of its value in a brutal collapse.
According to on-chain observations, a wallet reportedly linked to the project sold over 17 million tokens within just a few hours, triggering massive selling pressure.
What's even more concerning is the token distribution:
- One entity is estimated to control at least 94% of the total supply.
When supply is concentrated in so few hands, price action can change dramatically in a very short period of time.
A harsh reminder that tokenomics matter just as much as the narrative
Trade $SIREN here: 👇👇
SIRENUSDT
Trvl
0.0532
-1.48%