SIREN's controlling shareholders have sold 360 million SIREN tokens in just 36 hours, exchanging them for approximately 48.7 million USDT. This massive sell-off has led to a dramatic 95% drop in the token's price, which has fallen to $0.06 from a high of $1.3 just a week ago. On-chain analysis by Ember reveals that despite the significant liquidation, on-chain addresses still retain about 319 million SIREN tokens, representing 44% of the total supply.
SIREN Token Plummets 95% as Major Holders Offload 360 Million Tokens
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