SIREN's price plunged about 75% to $0.126 following a large sale of 17 million tokens by a whale across multiple wallets, triggering one of the steepest declines this week. The sell-off caused open interest in derivatives to drop nearly 40% as traders unwound leveraged positions, signaling reduced speculative activity. Analysts highlight that whales control 94% of SIREN's supply, allowing them to heavily influence price swings through repeated cycles of accumulation and selling. This event reflects a broader trend of sudden token crashes in crypto markets linked to concentrated ownership and large sell-offs.
The SIREN cryptocurrency token experienced a dramatic 95% drop in value, falling from around $1.30 to just $0.05. This sharp decline was triggered by the token's controller selling a massive portion of the supply into the market over the weekend. Suc...
SIREN memecoin plunged over 55% in 24 hours, dropping from $1.30 to $0.05 and losing 97% of its market value, now at $40.78 million. On-chain data revealed a wallet sold 95% of the supply, suggesting a pump-and-dump scheme that caused the crash. Desp...
SIREN token experienced a sharp 67.09% drop to $0.1620 as panic selling swept the market, with trading volume surging 248%. Despite the price crash, Open Interest rose 25%, indicating increased speculative activity and new short positions. Long trade...
SIREN's price dropped sharply by 26.67% to about $0.49 with a 38.18% rise in trading volume, indicating active selling rather than low liquidity. Derivatives traders aggressively reduced exposure, with Open Interest falling 36.68%, signaling long pos...
Audiera (BEAT) led crypto gainers with a 53.10% jump to $7.32, driven by increased user adoption and new partnerships in its blockchain-based music streaming platform. Other notable gainers include Provenance Blockchain, Monero, and World Liberty Fin...
