SIREN Whale Liquidates 670 Million Tokens in 48 Hours, Triggering 90% Price Collapse

Over a 48-hour period ending on the current date, a significant SIREN whale liquidated approximately 670 million tokens, accounting for 92% of the asset's total supply. This massive sell-off triggered a catastrophic price collapse of over 90%, according to on-chain data. The liquidation generated a total of 64.8 million USDT. Of these proceeds, 25.7 million USDT has already been transferred to centralized exchanges, while the remaining 39.1 million USDT is currently held in on-chain wallets. This aggressive exit by a dominant holder has raised significant concerns regarding the project's liquidity and long-term stability. Market analysts are closely monitoring the remaining on-chain funds for further movement as the SIREN ecosystem grapples with the aftermath of this unprecedented supply dump.