SIREN token crashes 83% amid profit-taking and heavy selling, but major holder resumes buying.

SIREN token price plunged over 83% in 24 hours, dropping from $1.77 to $0.28 and its market cap from over $1 billion to around $200 million. The crash was driven by profit-taking, intense selling pressure, and leveraged short positions in the futures market. Despite the sharp decline, the largest SIREN holder resumed buying, scooping up 1 million tokens worth $273K, while the number of holders increased by over 5,000, signaling potential recovery. The price remains below key support levels, and a retest will determine if the bearish trend continues or reverses.