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SIREN Whale Sells 17 Million Tokens, Leading to 50% Price Drop

2026.06.13 12:56:57

On June 13th, on-chain analyst Yu Jin reported that a SIREN whale carried out intensive on-chain selling of roughly 17 million SIREN tokens over the past two hours, amounting to around $6.75 million. The sell-off caused the SIREN price to plummet more than 50%, dropping from $0.47 to $0.23. Notably, this whale holds at least 94% of SIREN’s total token supply, which adds up to 680 million tokens. Since February, the whale has completed four rounds of operations over the course of four months.
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