In just 2 days, 680 million SIREN tokens (94% of the total supply) have basically been fully "sliced and diced" by the [SIREN Controllers].
◎ The 680 million SIREN tokens that were dumped caused a 96% drop ($1.3 → $0.05), netting about 64.8 million USDT.
◎ So where did these sold SIREN tokens go, or who picked them up?
- About 200 million flowed into Binance Wallet, Gate, KuCoin, and other CEXs.
- The majority of the rest were bought on-chain by hundreds of addresses after the price was smashed down below $0.1, with each address averaging a purchase of several hundred thousand SIREN tokens (worth anywhere from a few thousand to tens of thousands of dollars).
The massive number of addresses making small buys likely indicates the work of the [SIREN Controllers], who after dumping, are recovering chips while simultaneously switching addresses to slice and dice further. Possible objectives include: recovering chips at a low position; slicing and dicing to increase tracking difficulty; and prepping for potential next manipulation.
◎ The 680 million SIREN tokens that were dumped caused a 96% drop ($1.3 → $0.05), netting about 64.8 million USDT.
◎ So where did these sold SIREN tokens go, or who picked them up?
- About 200 million flowed into Binance Wallet, Gate, KuCoin, and other CEXs.
- The majority of the rest were bought on-chain by hundreds of addresses after the price was smashed down below $0.1, with each address averaging a purchase of several hundred thousand SIREN tokens (worth anywhere from a few thousand to tens of thousands of dollars).
The massive number of addresses making small buys likely indicates the work of the [SIREN Controllers], who after dumping, are recovering chips while simultaneously switching addresses to slice and dice further. Possible objectives include: recovering chips at a low position; slicing and dicing to increase tracking difficulty; and prepping for potential next manipulation.