Memecoin SIREN jumps 21% after whale sell-off caused 94% plunge in June

The memecoin SIREN surged 21% in 24 hours despite a recent 94% price crash caused by a whale selling 92% of its supply in early June. This massive sell-off led to a sharp drop from $1.35 to $0.08, shaking market confidence. Although a short-term bounce above $0.10 is possible, technical indicators show heavy selling pressure and capital outflows, making a sustained rally unlikely. Traders should be cautious as any price recovery may be used for profit-taking or exiting positions at reduced losses.