Odaily reported that on-chain analyst Yu Jin monitored a sizable change in the holdings of the SIREN controller. From 10:00 a.m. yesterday to 12:00 a.m., the controller sold about 201 million SIREN on-chain over a 14-hour period and received approximately 27.7 million USDT in return. The disclosed data focuses on the on-chain selling volume, the amount of USDT obtained, and where part of those funds were later transferred.
SIREN On-Chain Holdings Drop to 66%
According to Yu Jin’s monitoring, around 24.8 million USDT out of the roughly 27.7 million USDT was transferred into Bitget and Bybit. During the same period, the SIREN controller’s on-chain holdings fell from 94% of the total supply to 66%. In token terms, the holding size decreased from about 682 million SIREN to about 480 million SIREN. Based on the disclosed percentages, the on-chain holding share declined by 28 percentage points after the sales.
The report centers on the SIREN controller’s on-chain position change. The approximately 201 million SIREN sold within 14 hours and the current on-chain balance of about 480 million SIREN are the main figures provided in the monitoring update. The Odaily item did not include further details on execution prices, address attribution, or any additional transaction arrangements.