SIREN token falls 75% after whale dumps 82% of supply
SIREN plunged about 75% after its largest holder sold more than $7.5 million in tokens and still controls roughly 82% of the circulating supply, on-chain data shows.
On Saturday, SIREN, a token on BNB Chain linked to meme and AI-agent trading, fell about 75% in 24 hours. The price dropped from near $0.52 to about $0.126 after a concentrated wallet began routing large amounts of the token to exchanges.
On-chain monitors showed the top holder converted more than $7.5 million into USDT and still controls about 595.7 million SIREN, roughly 82% of the circulating supply. Several traders reported transfers that in some estimates exceeded $10 million. Significant portions of the token flow were sent to centralized platforms, including Bitget.
The rapid selling removed hundreds of millions from SIREN’s market value and triggered more than $2.4 million in long liquidations across global exchanges. Reported 24-hour trading volume rose above $191 million as retail holders increased selling activity. At the time of reporting, SIREN’s market capitalization was about $94.7 million, with a nearly fully circulating supply against a 1 billion token maximum and an approximate ranking of 286 by market cap.
Earlier in June, SIREN rallied roughly 200% in about 10 days and briefly added more than $600 million to its valuation before the recent distribution from concentrated wallets. Since early 2026, the token has recorded multiple episodes of sharp rallies followed by large sell-offs tied to heavy concentration in a few addresses.
SIREN trades across Gate.io, KuCoin and various decentralized exchanges on BNB Chain. The top wallet’s remaining holdings represent a large share of available supply and continued transfers from that address would put additional tokens into exchange order books.
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