BlockBeats reported on June 14 that, according to monitoring by EmberCN, the address described as the “SIREN controller” continued selling SIREN tokens on-chain today. During this wave of selling, the price of SIREN fell to $0.06. Compared with its high of $1.3 one week earlier, the token has dropped by 95%.
EmberCN’s monitoring data shows that the “SIREN controller” sold 360 million SIREN within roughly a day and a half, receiving about 48.7 million USDT in return. The activity was tracked on-chain, allowing the sale size and related holdings to be observed through blockchain data.
At the time of the disclosure, the on-chain address linked to the “SIREN controller” still held approximately 319 million SIREN. That remaining balance accounts for 44% of the token’s total supply. In other words, even after selling 360 million SIREN, the address still retained close to half of the overall supply.