Crypto's shit show continues. $SIREN crashed 90% in the last 5 days, wiping out $760 million in market cap.

This is not SIREN's first collapse. The token has now crashed 50 to 90% in single sessions on at least five separate occasions since March, each time after brief rallies of 100% or more.

The reason keeps coming back to the same thing. On-chain analysis shows one wallet cluster controls roughly 88% of the entire circulating supply, accumulated near $0.045 when the token launched. Late retail buyers piled in during each pump, often near local tops above $3.

This latest leg saw the top holder sell $7.5 million worth of tokens, sparking $2.4 million in long liquidations. And here is the part that should concern anyone still holding. That wallet still controls 595 million SIREN, roughly 82% of the entire circulating supply.

A token where one wallet can move the market by 50% with a single sell, and still has 82% of supply left to sell.