- SIREN Price fell roughly 75% after a large whale selloff.
- The top holder still controls about 82% of circulating supply.
- More than $2.4 million in long liquidations were triggered.
SIREN Price suffered one of the sharpest declines in the crypto market this week after a major holder began offloading a substantial portion of its position. The BNB Chain token, known for its links to meme coin and AI-agent narratives, plunged about 75% within 24 hours. Prices dropped from nearly $0.52 to lows around $0.126, erasing a significant portion of the project’s market value.
Data shared by Lookonchain shows the whale has already received more than $7.5 million in USDT from token sales. Despite the large liquidation, the wallet still holds approximately 595.7 million SIREN tokens, suggesting the selling pressure may not be over.
SIREN Price Faces Pressure From Massive Whale Holdings
The recent SIREN Price collapse highlights the risks associated with concentrated token ownership. According to on-chain data, the whale controls nearly 82% of the token’s circulating supply. Such concentration creates vulnerability when a single participant decides to exit or reduce exposure.
Blockchain monitoring platforms tracked large transfers moving toward exchanges, including Bitget. These deposits increased the available supply and intensified market selling. As traders noticed the movements, panic spread quickly across the market.
A whale dump typically occurs when a large holder sells a significant amount of tokens in a short period. This often triggers automated liquidations, weakens market confidence, and accelerates downside momentum. In the case of SIREN Price, all three factors appeared simultaneously.
The selloff also affected derivatives markets. More than $2.4 million in long positions were liquidated as prices collapsed. Forced liquidations added extra selling pressure, creating a feedback loop that pushed the token lower.
SIREN Price Volatility Surges as Trading Volume Explodes
The dramatic move generated a sharp increase in activity. Trading volume surged above $191 million within 24 hours as investors rushed to react. Some market participants attempted to buy the dip, while others exited positions to limit losses.
At current levels, SIREN Price trades near $0.126 with a market capitalization of roughly $94.7 million. The token’s fully diluted valuation remains close to that figure because most of the supply is already in circulation.
Market observers continue watching the whale wallet closely. With 595.7 million tokens still held, future transactions could significantly influence SIREN Price and broader sentiment. On-chain data remains a critical tool for tracking further developments as the selloff continues.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
