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SIREN token price crashes over 95% after whale sells 92% of supply for $64.8M

Market News
15 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

The SIREN token price plummeted more than 95% after a single whale sold about 670 million tokens, representing 92% of the total supply, for $64.8 million in stablecoins. This massive sell-off caused the market cap to drop from $1.7 billion to around $102 million, a 96% decline from its peak. With 25.7 million USDT moved to exchanges, further selling pressure is expected, leaving the token's future uncertain. The event highlights the risks of tokens with highly concentrated ownership and low liquidity, common in memecoin markets.

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