BlockBeats reported on June 14, citing monitoring by EmberCN, that the address described as the “SIREN controller” continued selling SIREN on-chain today. As the selling continued, the SIREN token price fell to $0.06, down 95% from its high of $1.3 one week earlier.
According to the monitored data, the “SIREN controller” sold a total of 360 million SIREN within one and a half days and received about 48.7 million USDT in return. The figures show a large-scale on-chain reduction over a short period, measured both by the number of tokens sold and by the amount of USDT received.
At the time of EmberCN’s monitoring, the same on-chain address still held approximately 319 million SIREN, representing 44% of the total SIREN supply. Even after selling 360 million tokens, the address remains one of the major holders within the token’s supply distribution.