SIREN Token Falls to $0.06 as Monitoring Flags Continued Selling by Controlling Address

SIREN fell to $0.06, down about 95% from its $1.3 high a week earlier, amid continued on-chain selling linked to a controlling address. According to Foresight News, monitoring by Yu Jin said the controlling address has kept selling SIREN on-chain. On-chain data shows the related address sold about 360 million SIREN over roughly a day and a half, receiving about 48.7 million USDT. Yu Jin said the address still holds about 319 million SIREN, representing 44% of total supply. Yu Jin added that tokens of this type are typically difficult to cash out in such size through one-sided on-chain selling alone, suggesting the controlling party may also be moving holdings through other addresses and channels.