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

BlockBeats News, June 13th, according to on-chain analyst Yu Jin, the SIREN whale conducted intensive on-chain selling of approximately 17 million SIREN tokens in the past 2 hours, amounting to $6.75 million, causing the SIREN price to plummet by over 50%, dropping from $0.47 to $0.23. This whale holds at least 94% of the total SIREN supply (680 million tokens). Since February, the whale has conducted 4 rounds of operations within 4 months.